Daily market news

The USD/JPY recovers some ground late in the North American session after touching a new year-to-date (YTD) low of 139.58 earlier in the day.

The Pound Sterling rallied in early trading during the North American session against the Greenback, registering gains of over 0.60% and hitting a five-day peak of 1.3214.

The NZD/USD pair refreshes a weekly high of 0.6200 in Monday’s New York session.

The USD/JPY pair posts a fresh annual low at 139.50 in Monday’s North American session.

The AUD/USD pair rises sharply to near 0.6750 in Monday’s European session.

USD/JPY continued to trade downwards. Pair was last seen at 140.22, OCBC’s FX strategists Frances Cheung and Christopher Wong note.

EUR/USD extends last week’s gains near 1.1120 in Monday’s European session.

The NZD/USD pair attracts some dip-buying on the first day of a new week and reverses a major part of Friday's pullback from the 0.6200 neighborhood, or a one-week high renewed US Dollar (USD) selling bias.

USD/CAD edges lower to near 1.3580 during the early European hours on Monday as the US Dollar (USD) received downward pressure amid the rising likelihood of the US Federal Reserve opting for an aggressive 50 basis points rate cut at its upcoming monetary policy meeting scheduled for Wednesday.

Here is what you need to know on Monday, September 16: The US Dollar (USD) struggles to stay resilient against its major rivals at the beginning of the week, which will feature monetary policy announcements from major central banks and key macroeconomic data releases.