The EUR/GBP cross trades on a flat note around 0.8330 on Tuesday during the early European session.

EUR/USD cycled familiar territory to kick off the new trading, holding north of the 1.1100 handle but failing to find any new territory on the high end.

The EUR/USD pair struggles to gain any meaningful traction following the previous day's pullback from the vicinity of the 14-month peak – levels just above the 1.1200 mark and oscillates in a narrow band during the Asian session on Tuesday.

The EUR/JPY cross extends the rally to near 160.70 during the early European session on Tuesday.

The USD/JPY climbed late in Monday’s North American session, gaining over 1%, and traded at 143.69 after the Federal Reserve Chair Jerome Powell crossed the newswires.

EUR/JPY trades over half a percent higher on Monday, in the 159.60s, after dovish comments from Japan’s new incoming Prime Minister, Shigeru Ishiba gave the impression he would steer monetary policy to remain accommodative due to economic conditions.

While testifying before the European Parliament's Committee on Economic and Monetary Affairs on Monday, European Central Bank (ECB) President Christine Lagarde said that they expect the economic recovery in the Eurozone to strengthen over time.

The Pound Sterling’s recent strength has partly relied on the ‘no news is good news’ narrative, as quiet calendars allowed markets to look elsewhere for easing bets while happily keeping the Bank of England in the group of relatively hawkish outliers, ING’s FX strategist Francesco Pesole notes.

French and Spanish inflation figures surprised on the downside on Friday, coming in at 1.2% and 1.5% respectively.

EUR/USD gains but struggles to extend the upside above the key resistance of 1.1200 in Monday’s North American trading session.

EUR/GBP retraces its recent gains from the previous session, trading around 0.8340 during the Asian hours on Monday.

The EUR/USD pair struggles to capitalize on Friday's modest rebound from the 1.1125-1.1120 support area and kicks off the new week on a subdued note.

(Bloomberg) — German inflation eased below the European Central Bank’s 2% target for the first time since February 2021 — supporting the case for another cut in interest rates in less than three weeks.