The Euro (EUR) struggles to gain traction against the Swiss Franc (CHF) at the start of the week, with EUR/CHF retreating modestly from last week’s high of 0.9446, its strongest level since April 25.

Canada Canadian Portfolio Investment in Foreign Securities fell from previous $13.37B to $9.04B in June

Canada Foreign Portfolio Investment in Canadian Securities came in at $0.71B, above forecasts ($-4.75B) in June

Canada Housing Starts s.a (YoY) came in at 294.1K, above forecasts (265K) in July

Slight increase in momentum is likely to lead to US Dollar (USD) trading in a higher range of 7.1800/7.1950. In the longer run, downward momentum is building; for a continued decline, USD must first close below 7.1700, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

Gold (XAU/USD) kicks off the week on a volatile note, staging a sharp intraday recovery after briefly dipping to an 11-day low near $3,323 during early Monday trade.

The Japanese Yen (JPY) is soft, entering Monday’s NA session with a modest decline against the US Dollar (USD), Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.

US Dollar (USD) is likely to trade in a range between 146.80 and 147.85. In the longer run, USD has likely moved back into a range-trading phase between 146.50 and 148.80, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

The Pound Sterling (GBP) is also quietly consolidating its recent recovery and trading within an exceptionally tight range in the mid-1.35s, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.

New Zealand Dollar (NZD) is likely to trade in a range between 0.5910 and 0.5950. In the longer run, NZD has likely entered a 0.5880/0.5980 consolidation phase, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

The Pound posted moderate gains on Monday, correcting higher after the last two days’ reversal. The pair, however, remains trapped within a tight range below the 200.00 psychological level, halfway through last week’s trading range.The fundamental outlook is mixed.

The Euro (EUR) is quietly consolidating its recent recovery and trading in a tight range around 1.17, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.

The Pound Sterling (GBP) trades in a tight range around 1.3550 against the US Dollar (USD) during the European trading session on Monday.

The EUR/CAD pair retraces to near the round-level figure of 1.6100 during Monday’s European trading session after posting a fresh seven-year high around 1.6187 in early Asian trading hours.

Australian Dollar (AUD) appears to have entered a range-trading phase between 0.6490 and 0.6530. In the longer run, AUD is still trading in a range, probably between 0.6455 and 0.6555, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

The Canadian Dollar (CAD), with the Australian Dollar (AUD) and New Zealand Dollar (NZD), are mild outperformers on the session so far today, bringing some minor relief for the CAD on the crosses, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.

Pound Sterling (GBP) is likely to consolidate between 1.3520 and 1.3585. In the longer run, outlook for GBP remains positive, and it may rise to 1.3620; the chances of it reaching 1.3660 this time around are more limited, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

The markets are off to a slow start, with low vol summertime trading still overshadowing broader developments, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.

The EUR/USD is trimming some gains, retreating from levels beyond 1.1700 to 1.1680 on Monday's European session.

Euro (EUR) could continue to rebound, but any advance may be limited to a test of 1.1730. Outlook is mixed; for the time being, EUR is likely to trade in a range of 1.1630/1.1755, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

Gold price (XAU/USD) moves higher to near $3,360 during the European trading session on Monday.

Silver (XAG/USD) has trimmed some losses in a cautious market session, returning above $the $38.00 level on Monday. A moderate risk aversion as traders await the outcome of the Trump-Zelenskyy meeting is buoying precious metals.

The US Dollar bounced up against the Japanese Yen on Friday, but upside attempts have been capped below 148.50 on Monday, with trading volumes at low levels, as investors await the outcome of a meeting between Trump and Zelenskyy in Washington.Markets are showing a cautious tone, concerned about a l

European natural gas prices fell to fresh lows last week, with the TTF benchmark sliding more than 3% ahead of the Trump-Putin summit.

The AUD/USD pair trades broadly stable around 0.6500 during the European trading session on Monday. The Aussie pair consolidates as investors await the meeting between United States (US) President Donald Trump and Ukrainian President Volodymyr at the White House during the day.

The much-anticipated summit between the US President and his Russian counterpart did not have a significant impact on the US dollar, despite the generally negative reporting in its aftermath (see the article below).

It’s unsurprising to see Oil trading lower this morning following the Trump-Putin summit in Alaska. While talks failed to secure a ceasefire, the tone and the absence of “severe consequences” for the lack of a truce, reduce, or at least delay, the risks of stricter sanctions.

The summit in Alaska between US President Trump and Russian President Putin generated some diplomatic optics but no resolution or ceasefire. Talks reportedly centred around land swaps, security guarantees and the outline of a trilateral format with Ukraine.

The Western press was quick to conclude that Friday's summit between US President Donald Trump and Russian President Vladimir Putin was a failure in that Trump had been dragged down an off-ramp away from a ceasefire and renewed Russian sanctions.

USD/JPY continued to trade in recent range after the 2-way moves seen last week owing to US data and comments from Treasury Secretary Scott Bessent. Pair was last at 147.39.