Trading news

The Australian Dollar (AUD) is trading higher against the US Dollar (USD) on Monday, with the AUD/USD pair firming above the 0.6500 resistance level at the time of writing.

Argentina Industrial Output n.s.a (YoY) increased to 8.5% in April from previous 5.2%

The Mexican Peso (MXN) is strengthening against the US Dollar (USD) for a fourth straight session on Monday as broader market sentiment improves.

The Canadian Dollar (CAD) is taking a breather following a fresh push into eight-month highs against the US Dollar (USD) last week.

Gold prices posted solid gains on Monday as the US Dollar weakened during the North American session despite positive news regarding US-China trade talks. A retracement of US Treasury bond yields underpins the golden metal, which trades at $3,329 a troy ounce at the time of writing.

The Dow Jones Industrial Average (DJIA) rose on Monday, testing above 42,800 as ongoing trade talks between the Trump team and Chinese representatives are ongoing in London.

The Japanese Yen (JPY) is steadying against the US Dollar (USD) on Monday, as markets digest developments in the US-China trade talks. 

GBP/USD registered minimal gains during the North American session after hitting a daily high of 1.3581, following a Wall Street Journal article suggesting that US President Donald Trump is granting maneuvering room to US Treasury Secretary Scott Bessent regarding tech sales and lift export controls

The Federal Reserve (Fed) Bank of New York noted in its latest Survey of Consumer Expectations that the year-ahead inflation expectation stood at 3.2% in May, down from 3.6% in April.

Citing people familiar with the matter, the Wall Street Journal reported on Monday that United States (US) President Donald Trump gave the green light to his representatives, led by Treasury Secretary Scott Bessent, to lift export controls on a variety of Chinese products in trade talks with China i

The British Pound (GBP) remains near multi-month highs against the Japanese Yen (JPY) on Monday, with the GBP/JPY pair close to testing a key Fibonacci resistance zone.

United States Wholesale Inventories came in at 0.2%, above forecasts (0%) in April

Gold prices remained at an elevated level on Monday, despite the start of US-China trade talks in London.

Euro (EUR) was little changed, last at 1.1415 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

In an interview with CNBC on Monday, Kevin Hassett, Director of the United States (US) National Economic Council (NEC), said that he expects the upcoming trade talks between China and the United States to be short but bear results, per Reuters.

Mexico Core Inflation fell from previous 0.49% to 0.3% in May

Mexico 12-Month Inflation up to 4.42% in May from previous 3.93%

Mexico Headline Inflation: 0.28% (May) vs previous 0.33%

Japanese Yen (JPY) is showing solid gains vs. the US Dollar (USD), up an impressive 0.5% with outperformance against most of the G10 currencies, Scotiabank's Chief FX Strategist Shaun Osborne notes.

Portugal Global Trade Balance climbed from previous €-6.216B to €-3.018B in April