The Euro (EUR) is trading under pressure against the British Pound (GBP) on Monday, with EUR/GBP hovering above 0.8660 at the time of writing. The cross remains subdued as traders adopt a wait-and-see stance ahead of a crucial confidence vote in France later today.

The United States (US) Bureau of Labor Statistics (BLS) will publish the 2025 preliminary benchmark revision to the Establishment Survey Data on Tuesday, September 9.

The Japanese Yen (JPY) is weak, down 0.3% against the US Dollar (USD) and underperforming all of the G10 currencies to start the week, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Pound Sterling (GBP) is trading with modest support and entering Monday’s NA session with a slightly bullish bias, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

USD/JPY has bounced from its August low near 146.20 but remains capped by the 200-day moving average. Failure to clear resistance around 150.90–151.20 would keep downside risks in play, with a break below 146.20 opening the door to a deeper correction, Société Générale's FX analysts note.

The Euro (EUR) is quietly consolidating in a tight range and entering Monday’s NA session unchanged from Friday’s close, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

Gold (XAU/USD) begins the week on an impressive bullish note, soaring to fresh all-time highs above $3,600 per ounce on Monday.

There is a chance for US Dollar (USD) to test the major support at 7.1200 before a more sizeable recovery is likely.

The Canadian Dollar (CAD) has firmed a little on the session, catching a mild lift amid broader US Dollar (USD) losses but gains are lagging decent intraday gains for the NZD and AUD amid positive risk appetite, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

Rapid advance in US Dollar (USD) has scope to test 148.80 before leveling off; 149.55 is unlikely to come under threat. In the longer run, outlook is mixed; USD could trade in a range between 146.55 and 149.55 for now.

The NZD/USD pair trades 0.66% higher to near 0.5930 during the European trading session on Monday. The Kiwi pair strengthens as the New Zealand Dollar (NZD) outperforms its peers amid cheerful market sentiment.

The USD slumped in response to the weak US NFP data Friday and it retains a soft undertone today. The 22k gain in August jobs was well below expectations and downward revisions to the prior data left the 3 month average job gain at 29k.

The EUR/USD pair is ticking higher, trading near 1.1730 at the European session opening on Monday.

Crude Oil is trading higher on Monday, amid news reporting that the next OPEC+ supply hike scheduled for October will be lower than previously expected, while the recent attacks in Ukraine have raised speculation about further sanctions on Russian crude.

The Pound Sterling (GBP) underperforms its peers, except the US Dollar, at the start of the week.

Instead of continuing to rise, New Zealand Dollar (NZD) is more likely to range trade between 0.5855 and 0.5915. In the longer run, for a continued rise, NZD must first close above 0.5930, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Following the disastrous results of the Upper House election in July and the accompanying loss of the majority, it was only a matter of time before the pressure on Japanese Prime Minister Shigeru Ishiba became too great and he resigned.

The USD/CAD pair retraces to near 1.3800 at the start of the week from its weekly high of 1.3855 posted on Friday.

USD/CNH is holding above key support at 7.1200, BBH FX analysts report.

Friday's August jobs data was again on the soft side. It was soft enough to have the market starting to speculate whether the Federal Reserve would restart its easing cycle with a 50bp rate cut - as it did last September.

US Dollar’s upside attempts against the Japanese Yen have been capped right below 148.60, and the pair retreated to session lows at 147.50 as the Yen regained lost ground following Japanese Prime Minister Ishiba’s resignation.Ishiba announced earlier on the day of his decision to step down, followin

Almost every currency strengthened against the US dollar on Friday in response to the weak US labour market report, Commerzbank's FX analyst Michael Pfister notes.

China released its preliminary trade data for metals this morning, showing strong domestic demand for industrial metals. Imports of unwrought Copper rose 1.2% YoY to 425.1kt in August. However, cumulative Copper imports are still down 2.2% YoY to 3.5mt in the first eight months of the year.

Pound Sterling (GBP) is expected to trade in a range between 1.3460 and 1.3530. In the longer run, the current price movements are likely part of a broad range between 1.3430 and 1.3595, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

There is room for Australian Dollar (AUD) to pull back further, but any decline is likely part of a range between 0.6530 and 0.6575.

The yen and Japanese government bonds briefly weakened after Prime Minister Ishiba’s resignation fueled speculation of a policy shift under potential successor Sanae Takaichi.

Pound Sterling (GBP) is holding steady, ING's FX analyst Chris Turner notes.

Euro (EUR) is likely to consolidate between 1.1680 and 1.1740. In the longer run, EUR could rise but any advance is likely part of a higher range of 1.1650/1.1790, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

China’s central bank continued to add Gold to its reserves for a tenth straight month in August, ING's commodity experts Ewa Manthey and Warren Patterson note.

Friday's US labor market report finally dispelled any remaining doubts about whether the Fed would cut interest rates soon, briefly pushing EUR/USD above the 1.1750 mark. Only one of the 80 analysts surveyed by Bloomberg had expected an even worse figure.