West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session.
France HCOB Composite PMI up to 47 in March from previous 45.1
France HCOB Services PMI came in at 46.6, above forecasts (46.3) in March
France HCOB Manufacturing PMI above expectations (46.2) in March: Actual (48.9)
European Central Bank (ECB) Executive Board member Piero Cipollone said on Monday, “the inflation target may be reached sooner than the last projections indicated.” Additional quotes Key elements strengthen the case for further rate cuts.
AUD/JPY halts its four-day losing streak, trading near 94.20 during early European hours on Monday.
Here is what you need to know on Monday, March 24: After outperforming its rivals for three consecutive days, the US Dollar (USD) struggles to find demand at the beginning of the week.
The GBP/USD pair attracts some buyers to around 1.2940 during the early European session on Monday, bolstered by the softer Greenback.
Bank of Japan (BoJ) Governor Kazuo Ueda said on Monday that the central bank “will not rule out the possibility of selling the BoJ’s government bond holdings.” Earlier in the day, Ueda said that the central bank “will adjust the degree of monetary easing if the 2% inflation target is likely to be achieved.” Japanese Yen FAQs What key factors drive the Japanese Yen? The Japanese Yen (JPY) is one of the world’s most traded currencies.
The EUR/GBP cross gains traction to near 0.8380 during the early European session on Monday.
USD/CHF extends its winning streak for the fourth consecutive session, trading near 0.8840 during Asian hours on Monday.
FX option expiries for Mar 24 NY cut at 10:00 Eastern Time via DTCC can be found below.
Gold price (XAU/USD) struggles to capitalize on Friday's modest bounce from levels just below the $3,000 psychological mark and kicks off the new week on a weaker note.
Singapore Consumer Price Index (YoY) registered at 0.9, below expectations (0.95) in February
India HSBC Manufacturing PMI rose from previous 56.3 to 57.6 in March
India HSBC Services PMI down to 57.7 in March from previous 59
India HSBC Composite PMI declined to 58.6 in March from previous 58.8
The EUR/USD pair edges higher to around 1.0815, snapping the three-day losing streak during the early Asian session on Monday.
EUR/JPY continues its upward momentum for a second consecutive session, trading near 162.00 during Asian hours on Monday.
Gold prices fell in India on Monday, according to data compiled by FXStreet.
Silver price (XAG/USD) edges higher on Monday, trading around $33.10 per troy ounce during Asian hours after three consecutive sessions of losses.
The USD/CAD pair kicks off the new week on a softer note amid the emergence of some selling around the US Dollar (USD), though it lacks bearish conviction and has now reversed an Asian session dip to the 1.4325 region.
The Indian Rupee (INR) trades stronger on Monday after closing its strongest in over two months.
West Texas Intermediate (WTI) Oil price continues to decline for the second consecutive session, trading around $68.00 per barrel during Asian hours on Monday.
The Japanese Yen (JPY) continues to lose ground against its American counterpart for the third consecutive day on Monday and weakens further in reaction to the weaker flash March Purchasing Managers' Index (PMI).
Speaking in the Japanese parliament on Monday, Bank of Japan (BoJ) Governor Kazuo Ueda said that the central bank “will adjust the degree of monetary easing if the 2% inflation target is likely to be achieved.” Additional quotes Cannot sell long-term JGB holdings immediately; have been gradually tapering long-term JGB holdings now.
The Australian Dollar (AUD) strengthens against the US Dollar (USD) on Monday after two consecutive days of losses.
Bank of Japan (BoJ) Deputy Governor Shinichi Uchida told the Japanese parliament on Monday that “we'll continue to access economic and financial market situations at home and abroad." "If our economic and price outlooks are to be achieved, we will adjust the degree of monetary easing by raising policy rates," he added.
Japanese Finance Minister Katsunobu Kato said on Monday, he “will take appropriate action against excessive moves.” It is “important for currencies to move in stable manner reflecting fundamentals,” he added.
The NZD/USD pair gathers strength to around 0.5745 during the early Asian session on Monday, bolstered by the weaker US Dollar (USD) and Chinese stimulus.
On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1780 as compared to Friday's fix of 7.1760 and 7.2496 Reuters estimate.
The Gold price (XAU/USD) extends the decline to around $3,025 during the early Asian session on Monday.
The GBP/USD pair continues to show some resilience below the 1.2900 round-figure mark and attracts some dip-buyers during the Asian session on Monday.
EUR/USD pauses its three-day decline, trading around 1.0840 during Asian hours on Monday.
Japan Jibun Bank Services PMI declined to 49.5 in March from previous 53.7
Japan Jibun Bank Manufacturing PMI below forecasts (49.2) in March: Actual (48.3)
US President Donald Trump's administration said that it will revoke the temporary legal status of more than half a million migrants from Cuba, Haiti, Nicaragua and Venezuela, per BBC.
Ukrainian and US officials held talks in Riyadh on Sunday, resuming efforts to end three years of war as President Donald Trump pushes for a ceasefire, per Bloomberg.
The AUD/USD pair gains momentum to near 0.6280 during the early Asian session on Monday.
Australia Judo Bank Manufacturing PMI rose from previous 50.4 to 52.6 in March
The White House is adjusting its approach to tariffs set to take effect on April 2, likely omitting a set of industry-specific tariffs while applying reciprocal tariffs aimed at countries with significant trade ties to the United States (US), per the Wall Street Journal.
The preliminary reading of Australia's Judo Bank Manufacturing Purchasing Managers Index (PMI) jumped to 52.6 in March from 50.4 in February, the latest data published by Judo Bank and S&P Global showed on Monday.
Australia Judo Bank Services PMI: 51.2 (March) vs 50.8
Australia Judo Bank Composite PMI increased to 51.3 in March from previous 50.6