The NZD/USD pair drifts lower for the fourth consecutive day – also marking the sixth day of a negative move in the previous seven – and drops to its lowest level since April 8 during the first half of the European session on Monday.

Societe Generale highlights that USD/CAD has accelerated higher after breaking a descending trend line in place since last year, signalling a momentum shift and an attempted breakout from a broad multi-month range.

The Australian Dollar (AUD) extends losses against the US Dollar (USD) for the fifth consecutive day on Monday, trading just below the psychological 0.7000 level and drifting towards the 11-week low of 0.6979.

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann keep a negative stance on AUD/USD after a period of quiet price action around 0.7020.

The Euro (EUR) trades 0.23% lower against the US Dollar (USD) at around 1.1444 during the European trading session on Monday.

The US Dollar (USD) keeps marching higher against the Swiss Franc (CHF)  on Monday, trading at year-to-date highs around 0.8085 at the time of writing and starting to look overstretched after having rallied nearly 2% over the last four trading days.The US Dollar is drawing support from monetary poli

Danske Research Team notes that EUR/USD extended its latest decline on Friday, breaking firmly below the 1.15 mark as European yields rose in a bearish steepening.

The USD/JPY pair catches aggressive bids at the start of a new week and builds on its steady intraday ascent through the early European session.

Commerzbank’s Michael Pfister highlights rising political uncertainty around UK Prime Minister Keir Starmer and the potential succession of Andy Burnham, stressing implications for the Pound. He warns that a drawn-out leadership struggle or looser fiscal stance could weigh on Sterling.

The publication of Canada’s May Consumer Price Index (CPI) figures on Monday will be the focus of attention.

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that GBP/USD remains in a corrective phase after testing April’s low near 1.3160 and rebounding.

The GBP/JPY cross rebounds nearly 100 pips from the daily low, filling a modest bearish gap down opening on Monday and hitting a fresh daily high near the 213.70 region during the early European session.

USD/CAD continues to gain ground for the eighth successive day, trading around 1.4180 during the early European hours on Monday. The technical analysis of the daily chart indicates the pair is moving upwards within the ascending channel pattern, signaling a persistent bullish bias.

The EUR/GBP cross gathers strength to around 0.8670 during the early European trading hours on Monday. The British Pound (GBP) weakens against the Euro (EUR) due to political uncertainty in the United Kingdom (UK).

The New Zealand Dollar (NZD) ticks down against the US Dollar (USD) on Monday, trading at 0.5730 at the time of writing, holding losses from last week’s sell-off and drawing closer to the year-to-date low of 0.5681.

The GBP/USD pair recovers some of its early losses, but is still 0.1% down to near 1.3220 during the early European trading session on Monday.

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight that EUR/USD remains under pressure after briefly dipping to 1.1416 before rebounding.

Silver (XAG/USD) rises to around $66.35 during the early European trading hours on Monday. The precious metal attracts some buyers amid progress of US-Iran peace deal, easing tension in the Middle East.

The Indian Rupee (INR) trades firmly against the US Dollar (USD) in the opening session on Monday.

USD/IDR rebounds after registering modest losses in the previous trading day, hovering around 17,870 during the Asian hours on Monday.

The AUD/USD pair loses traction to near 0.7005 during the early European trading hours on Monday, pressured by risk-off sentiment. Traders continue to assess the developments surrounding the US-Iran peace deal following fresh threats from US President Donald Trump. 

USD/CAD extends its gains for the fifth successive day, trading around 1.4190 during the Asian hours on Monday. The pair hits a 14-month high of 1.4191 as the US Dollar (USD) receives support from safe-haven demand, which could be attributed to renewed concerns over a US-Iran peace deal.

The USD/JPY pair attracts fresh buyers at the start of a new week and climbs back above mid-161.00s during the Asian session.

The EUR/USD pair loses ground to around 1.1465 during the early European session on Monday.

USD/CHF remains stronger for the fourth consecutive day, trading around 0.8080 during the Asian hours on Monday.

EUR/JPY extends its gains for the third successive day, trading around 185.20 during the Asian hours on Monday. The currency cross holds a mild bullish bias as price sits above the 50-day Exponential Moving Average (EMA), while being capped immediately by the nine-day EMA.

The GBP/USD pair climbs back to the 1.3235 region during the Asian session and fails the weekly bearish gap opening amid a modest US Dollar (USD) downtick, though the upside potential seems limited.

The NZD/USD pair trades in negative territory around 0.5735 during the early Asian session on Monday. The China-proxy New Zealand Dollar (NZD) remains weak following the People’s Bank of China (PBOC) interest rate decision.

The AUD/USD pair extends its sideways consolidative price move for the third consecutive day and trades just above the 0.7000 psychological mark during the Asian session on Monday.

On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8150 compared to last Thursday's fix of 6.8130 and 6.7733 Reuters estimate.