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AUD/USD mildly down ahead of US inflation data
The AUD/USD saw some losses on Monday against the USD, which still remains weak after last week's data, which fueled dovish expectations for the Federal Reserve. With the pair maintaining its highest level since early January, the upside for the Aussie is limited by strong data reported last week.
EUR/USD faces initial up-barrier near 1.0850
EUR/USD halted its multi-day advance on Monday, facing some renewed downward pressure after faltering around the 1.0850 region on the back of the resurgence of the buying interest in the Greenback.
Gold price plummets as US yields drop and China stops bullion buying
The Gold price made a U-turn on Monday, trimming some of last Friday's gains and tanking more than 1% as risk appetite returned. US equities posted gains, while US Treasury bond yields edged lower. The XAU/USD trades around $2,358 after hitting a daily high of $2,391.
Here's what's happened in Solana today
Solana kicked off the new week with a lot of action on Monday after Cboe filed VanEck and 21Shares' Solana ETF application. Meanwhile, SOL surpassed Ethereum and Arbitrum in 24-hour decentralized exchange volume due to increased trading on the Raydium protocol.
Euro and Pound do good job absorbing political risk
A political gridlock in France and strong reassurances from the incoming UK government seem to have been enough to keep the Euro and Pound supported into this latest rally. Currencies have been better bid across the board, mostly on the back of a fresh wave of US Dollar selling.