The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground after three days of gains and trading around 98.60 during the Asian hours on Monday.

GBP/USD gains ground after three days of losses, trading around 1.3390 during the Asian hours on Monday. The pair depreciates as the Pound Sterling (GBP) holds ground ahead of the release of the United Kingdom (UK) Gross Domestic Product (GDP) for the third quarter.

The People’s Bank of China (PBOC), China's central bank, announced to leave its Loan Prime Rates (LPRs) unchanged on Monday. The one-year and five-year LPRs were at 3.00% and 3.50%, respectively. 

China PBoC Interest Rate Decision in line with forecasts (3%)

Israel's Prime Minister Benjamin Netanyahu said over the weekend that officials are growing worried that Iran is expanding production of its ballistic missile program, which was damaged by Israeli military strikes earlier this year, NBC News reported.

Atsushi Mimura, Japan’s Vice Finance Minister for International Affairs and top foreign exchange official, said on Monday that he is concerned about foreign exchange move and will take appropriate action against excessive actions.

Federal Reserve Bank of Cleveland President Beth Hammack said that monetary policy is in a good place to pause and assess the effects of 75 basis points (bps) of rate cuts in the economy during the first quarter, Bloomberg reported on Sunday.

Australia CFTC AUD NC Net Positions down to $-629K from previous $-84.2K

United States CFTC Oil NC Net Positions climbed from previous 55K to 584K

United Kingdom CFTC GBP NC Net Positions declined to £-755K from previous £-93.2K

United States CFTC Gold NC Net Positions rose from previous $204.6K to $2239K

Eurozone CFTC EUR NC Net Positions up to €1388K from previous €94.1K

Japan CFTC JPY NC Net Positions up to ¥174K from previous ¥26.5K

United States CFTC S&P 500 NC Net Positions: $-1904K vs previous $-155.3K

The Bank of Japan’s (BoJ) 25bp rate hike to a 30-year high of 0.75% failed to support the yen, as cautious guidance from Governor Ueda undercut confidence.

Eurozone Consumer Confidence below forecasts (-14) in December: Actual (-14.6)

United States UoM 1-year Consumer Inflation Expectations came in at 4.2%, above forecasts (4.1%) in December

United States Michigan Consumer Expectations Index registered at 54.6, below expectations (55) in December

United States UoM 5-year Consumer Inflation Expectation in line with forecasts (3.2%) in December

United States Michigan Consumer Sentiment Index came in at 52.9, below expectations (53.4) in December

United States Existing Home Sales (MoM) below forecasts (4.2M) in November: Actual (4.13M)

United States Existing Home Sales Change (MoM) dipped from previous 1.2% to 0.5% in November

Japan’s House of Councilors Finance Minister Satsuki Katayama spoke at an online meeting with other G7 finance ministers on Friday.

The President of the New York Federal Reserve (Fed), John Williams, spoke at an interview conducted by the media channel CNBC on Friday.

Canada New Housing Price Index (YoY) fell from previous -1.8% to -1.9% in November

Canada New Housing Price Index (MoM) in line with forecasts (0%) in November

Canada Retail Sales ex Autos (MoM) came in at -0.6% below forecasts (0.2%) in October

Canada Retail Sales (MoM) came in at -0.2% below forecasts (0%) in October

European Central Bank (ECB) policymaker Olaf Sleijpen spoke at a news conference in Amsterdam, Netherlands, on Friday.

The Bank of Japan (BOJ) unanimously voted to raise the policy rate 25bps to 0.75% (widely expected) and reinforced its tightening bias.