Instead of continuing to decline, the Australian Dollar (AUD) is more likely to trade in a sideways range between 0.6785 and 0.6825.

Price action continues to suggest further New Zealand Dollar (NZD) weakness, albeit likely at a slower pace.

The Canadian Dollar (CAD) has softened against the stronger US Dollar (USD) over the past week but losses are relatively contained, leaving the CAD as the top-performing G10 currency over the past five days with a drop of a little under 0.5% (versus a 3% drop for the JPY and NZD and a 1.8% decline in the AUD), Scotiabank’s Chief FX Strategist Shaun Osborne notes.

The US Dollar (USD) could strengthen further, but it remains to be seen if it can maintain the rapid pace of advance, UOB Group FX analysts Quek Ser Leang and Peter Chia note.

Price action suggests further Pound Sterling (GBP) weakness; the next major support at 1.3000 may not come into view so soon, UOB Group FX analysts Quek Ser Leang and Peter Chia note.

The US Dollar (USD) was boosted again for the 5th back-to-back session and this time the trigger came from the blockbuster payrolls report.

The AUD/USD pair kicks off the new week on a positive note, snapping a two-day losing streak and stalling its recent pullback from the highest level since February 2023 touched last Monday.

Gold price (XAU/USD) extends its sideways consolidative price move on Monday and remains confined in a familiar range held over the past week or so amid mixed fundamental cues.