GBP/USD Price Analysis: Pushes above 1.2700 as bulls remain in charge
The Pound Sterling begins the week solidly against the US Dollar, registering modest gains of 0.04% after hitting a daily low of 1.2681.
The Pound Sterling begins the week solidly against the US Dollar, registering modest gains of 0.04% after hitting a daily low of 1.2681.
The NZD/USD pair faces selling pressure and drops to the round-level support of 0.6100 in Monday’s New York session.
USD/CAD trades a beat higher on Monday, rising into the 1.3620s, as the US Dollar (USD) strengthens in most pairs, on the back of safe-haven demand as markets are put on edge by reports the President of Iran, Ebrahim Raisi, died in a freak helicopter accident in Northern Iran over the weekend, according to Reuters.
EUR/USD clings to gains near 1.0900 in Monday’s European session.
The USD/JPY pair displays a sharp volatility contraction near 155.60 in Monday’s European session.
USD/CHF continues its winning streak for the third day, trading around 0.9100 during the early European hours on Monday.
The EUR/JPY cross gains traction near 169.50 during the early European trading hours on Monday.
The NZD/USD pair trades around 0.6130 during Asian trading hours on Monday as investors anticipate the Reserve Bank of New Zealand's (RBNZ) policy meeting on Wednesday.
The GBP/USD pair extends its gains for the second consecutive session, trading around 1.2710 during the Asian hours on Monday.
West Texas Intermediate (WTI) Oil price continues to gain ground after an interest rate decision from China, trading around $79.70 per barrel during the Asian session on Monday.