The AUD/JPY has continued to consolidate within the 93.70–95.00 range over the past ten trading days, amid a fragile market mood driven by controversial US policies, the escalation and de-escalation of the Middle East conflict, and the approval of the US fiscal budget.

The USD/JPY is struggling to hold key support on Monday as bullish momentum continues to fade, with both the daily and weekly charts indicating weakening trend strength. 

The Greenback traded with marked losses at the start of the week, as market participants remained cautious ahead of Chief Powell's and another central banker's speech at the ECB Forum in Portugal, while also keeping an eye on trade developments and the likelihood of additional Fed easing.

EUR/USD climbs to fresh yearly highs of 1.1780 on Monday as the Greenback continues to remain battered by the prospects of the approval of the fiscal budget in the United States (US) and the expectation that the Trump administration continues to make progress on trade deals with major trading partne

The New Zealand Dollar (NZD) extends its winning streak against the US Dollar (USD) on Monday, with the NZD/USD rising to 0.6090 — its highest level since October 2024 — as broad-based Greenback weakness continues to fuel gains.

The British Pound (GBP) weakens against the Japanese Yen (JPY) on Monday, slipping below the 198.00 handle amid a mild corrective pullback from the year-to-date high of 198.81 marked on Friday. The Pound is losing ground against major peers to start the week.

The Canadian Dollar (CAD) is gaining ground against the US Dollar (USD) on Monday after Canada announced it would cancel its planned digital-services tax on American tech companies. US President Trump had halted trade talks Friday, calling the tax “a direct and blatant attack” on US tech firms.

GBP/USD is virtually unchanged during the North American session amid hawkish comments by Atlanta’s Fed President Raphael Bostic, even though UK data revealed that the economy grew at its fastest pace in one year. At the moment, the pair trades at 1.3707, virtually unchanged.

The British Pound (GBP) weakens against the US Dollar (USD) on Monday as mixed UK economic data weighs on the Sterling despite a generally subdued Greenback.

The Indian Rupee (INR) trades on the back foot against the US Dollar (USD) on Monday, weighed down by month-end Greenback demand, capital outflows, and a mild rebound in Crude Oil prices. This pullback comes after the Rupee notched its strongest weekly performance since January 2023.

Germany Consumer Price Index (MoM) came in at 0%, below expectations (0.2%) in June

Germany Consumer Price Index (YoY) dipped from previous 2.1% to 2% in June

Germany Harmonized Index of Consumer Prices (MoM) below forecasts (0.3%) in June: Actual (0.1%)

Germany Harmonized Index of Consumer Prices (YoY) came in at 2%, below expectations (2.2%) in June

The current price movements appear to be part of a range trading phase between 144.05 and 145.00. In the longer run, US Dollar (USD) appears to have moved into a range trading phase between 143.50 and 146.50 against Japanese Yen (JPY), UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The Canadian Dollar (CAD) slumped Friday following news that President Trump was suspending trade walks with Canada in response to the Digital Services Tax which was due to come into force this week, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The US Dollar is unable to put any significant distance from last week’s long-term low at  0.7960 area, as the pair remained capped below 0.8000 on Monday, with hopes of trade deals and reviving fears about the US fiscal health weighing on the Greenback’s recovery.News that the US and China have rea

The Euro (EUR) is entering Monday’s NA session unchanged against the US Dollar (USD) as it consolidates in a tight range in the mid-1.17s just below last Friday’s multi-year high, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

New Zealand Dollar (NZD) is likely to consolidate between 0.6040 and 0.6080 against US Dollar (USD). In the longer run, NZD is likely to test the 0.6090 level; it is too early to determine if it can break clearly above this level, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

There has been no increase in either downward or upward momentum; Australian Dollar (AUD) is expected to trade in a sideways range of 0.6505/0.6555 against US Dollar (USD). In the longer run, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Pound Sterling (GBP) is expected to trade in a sideways range of 1.3670/1.3750 against US Dollar (USD). In the longer run, outlook remains positive but GBP may consolidate for a couple of days first; the next technical objective is 1.3800, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USD/JPY was a touch softer amid broad USD softness and UST yields drifting lower. Pair was last at 144.20 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

EUR/GBP has maintained its recovery after defending the 200-day moving average, with the technical backdrop now favouring more upside if key resistance levels give way, Société Générale's FX analysts note.

The Australian Dollar is going through choppy and volatile trading around the 0.6530 area on Monday.

The prospects of EUR/USD reaching 1.20, highlighting Fed pricing, tariffs, and US deficit concerns as the main drivers for another substantial move higher were examined before, but these themes will remain central through the first half of July, ING's FX analyst Francesco Pesole reports.

USD/CHF remains steady following a five-day losing streak, trading around 0.7990 during the European hours on Monday. The pair sticks around 0.7957, the lowest since September 2011, recorded on Friday.

Germany Hesse CPI (MoM) up to 0.1% in June from previous 0%

Germany Hesse CPI (YoY) remains unchanged at 2.3% in June

Germany Saxony CPI (YoY) up to 2.4% in June from previous 2.3%

Germany Saxony CPI (MoM) rose from previous 0% to 0.2% in June