EUR/USD kicks off the week by edging higher, trading around 1.1170 during the Asian session on Monday.

The AUD/USD pair extends its upside to around 0.6910 during the early Asian session on Monday.

The GBP/USD pair holds positive ground near 1.3385 during the early Asian session on Monday.

The Australian Dollar (AUD) continues its winning streak for the third consecutive session on Monday.

The AUD/USD gained traction on Friday, climbing by 0.20% to 0.6910.

The Canadian Dollar (CAD) fell back against all of its major currency peers on Friday, shedding nearly one-third of one percent against the Greenback.

The Dow Jones Industrial Average (DJIA) rallied into another fresh record high on Friday, spurred higher by a cooler-than-expected print in the US Personal Consumption Expenditure Price Index (PCE) for August.

Gold fell to a three-day low beneath $2,650 after the US Bureau of Economic Analysis (BEA) revealed that September inflation continued to evolve toward the Federal Reserve’s (Fed) goal.

The Mexican peso lost steam on Friday against the US Dollar after inflation data in the United States (US) edged lower and failed to underpin the Mexican currency.

The GBP/USD pair drifts lower during the Asian session on Friday and moves away from its highest levels since March 2022, around the 1.3435 region touched the previous day.

The US Dollar Index (DXY), which measures the value of the USD against a basket of major currencies, stands soft after the release of the US Personal Consumption Expenditures (PCE) data from August.