The USD/CAD pair trades in positive territory near 1.4155 during the early European trading hours on Monday. The US Dollar (USD) edges higher against the Canadian Dollar (CAD) as hawkish Federal Reserve (Fed) expectations build.

HSBC sees the Euro facing mounting headwinds from both monetary policy and energy markets.

The Japanese Yen (JPY) is trimming gains from Friday’s rebound against the US Dollar (USD) on Monday.

MUFG’s Teppei Ino reviews USD/JPY price action over Japan’s extended holiday week. The pair opened near 157 and traded in a broad 156–159 range as Dollar strength persisted and expectations of a possible earlier Federal Reserve rate hike supported gains.

The British Pound (GBP) is up 0.15% at around 1.3245 against the US Dollar (USD) in the early European session on Monday. The GBP/USD pair gains as the British currency outperforms its peers despite market experts questioning hawkish Bank of England (BoE) repricing.

The Indian Rupee (INR) starts the week on a negative note against the US Dollar (USD) due to significant gains in oil prices over the weekend. As of writing, the USD/INR pair is up 0.15% to near 95.95.

The EUR/USD pair fills a modest weekly bearish gap, though it lacks bullish conviction and struggles below the 1.1400 mark through the Asian session on Monday.

The AUD/JPY cross trades in positive territory around 110.85, snapping the four-day losing streak during the early European session on Monday.

EUR/JPY gains ground after registering modest losses the previous day, trading around 179.70 during Asian hours on Monday. Technical analysis of the daily chart shows that the currency cross continues to trade within a descending channel pattern, pointing to a persistent bearish outlook.

The USD/CHF pair attracts some follow-through buying for the fourth straight day, hitting a fresh high since May 2025 during the Asian session on Monday. Bulls now await acceptance above the 0.8300 mark before positioning for further gains amid a supportive fundamental backdrop.

Silver price (XAG/USD) falls nearly 3.5% after posting modest gains in the previous day, trading around $62.00 per troy ounce during Asian hours on Monday.

The NZD/USD pair gathers strength to around 0.5665 during the Asian trading hours on Monday. Positive developments surrounding US-China talks provide some support to the China-proxy New Zealand Dollar (NZD) against the US Dollar (USD).

The AUD/USD pair steadies just above the 0.7000 psychological mark at the start of a new week, trading near its lowest level since August 4, touched on Friday, as traders opt to wait for the crucial Reserve Bank of Australia (RBA) meeting on Tuesday.

USD/CAD extends its gains for the sixth consecutive day, trading around 1.4150 during Asian hours on Monday. The pair appreciates as the Canadian Dollar (CAD) is declining under pressure from expectations of a widening interest-rate differential between the United States (US) and Canada.

GBP/USD gains ground for the second successive day, trading around 1.3230 during the Asian hours on Monday. The currency pair advances as the US Dollar (USD) weakens, despite hawkish signals from Federal Reserve (Fed) officials.

On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.7399 compared to last Thursday's fix of 6.7489 and 6.7085 Reuters estimate.

The USD/JPY pair attracts some dip-buyers at the start of a new week and climbs to the 157.75 area during the Asian session, reversing a part of Friday's retracement slide from the vicinity of a multi-week top.

The EUR/USD pair edges lower to around 1.1380 during the early Asian session on Monday, pressured by hawkish signals from the Federal Reserve (Fed) and escalating Middle East tensions.

The AUD/USD pair loses momentum to near 0.7010 during the early Asian session on Monday. The US Dollar (USD) strengthens against the Australian Dollar (AUD) on rising US Treasury yields and growing bets on further Federal Reserve (Fed) interest rate hikes.

Societe Generale notes the Korean Won has been one of Asia’s standout performers, with USD/KRW slipping from around 1,390 to 1,360 as local exporters sold Dollars ahead of the Chuseok holiday.

USD/CHF holds firm on Friday even as the US Dollar (USD) pulls back slightly after a strong weekly rally. The move has done little to lift the Swiss franc (CHF), with the pair hovering around 0.8285, near levels last seen in May 2025. USD/CHF is on track for a fourth consecutive weekly gain.

UOB’s Quek Ser Leang and Lee Sue Ann note that USD/CHF has surged over the past two days, with strong momentum pointing to further Dollar strength. However, they stress that deeply overbought conditions are likely to cap upside to the 0.8305–0.8330 area.

NZD/USD trades around 0.5665 on Friday at the time of writing, virtually unchanged on the day, as the New Zealand Dollar (NZD) struggles to capitalize on a moderate decline in the US Dollar (USD).

The Pound Sterling trims some of its weekly losses, gaining over 0.18% against the US Dollar on Friday as the US Dollar takes a breather, even as US Treasury yields continue to rise.

Societe Generale’s Morning Briefing reports EUR/USD traded between 1.1359 and 1.1387 overnight and is on course for a second weekly drop. The defence of the 100‑week moving average at 1.1356 and oversold technicals suggest the correction may have run its course for now.

EUR/USD edges higher on Friday as the US Dollar pauses after a strong weekly rally, allowing the Euro to recover some ground. However, the pair remains on track for a third consecutive weekly decline.

AUD/USD edges higher on Friday, trading around 0.7025 at the time of writing, up 0.20% on the day.

Brown Brothers Harriman’s (BBH) Elias Haddad reports that Banxico left its policy rate at 6.50% for a third consecutive meeting and removed prior guidance to keep it fixed, while stressing it does not need to match expected Federal Reserve hikes.

UOB’s Quek Ser Leang and Lee Sue Ann note USD/JPY has risen for five straight sessions to 158.83, with momentum still positive but indicators deeply overbought.

Commerzbank’s Thu Lan Nguyen notes that the Fed’s unanimous September rate hike has temporarily restored its credibility and supported the Dollar, prompting a lower EUR/USD year-end forecast to 1.15 from 1.17.