Daily market news

The US Dollar gains ground against the Japanese Yen (JPY) and climbs 0.38% in an upbeat market mood.

EUR/JPY extends its uptrend on Monday, clocking up gains of over two-tenths of a percent to reach 169.50s, as the wide interest-rate differential between the Eurozone and Japan continues to favor the Euro (EUR) over the Japanese Yen (JPY) – relatively higher interest rates attract greater foreign capital inflows.

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.