The pound was higher against its major counterparts in the New York session on Monday, as investors awaited key economic data due later this week for more clues on the Fed's interest rate cut trajectory for this year.

Swiss stocks ended slightly up on Monday after a lackluster session as investors refrained from making significant moves amid a lack of triggers.

European stocks failed to hold early gains and closed lower on Monday as investors largely stayed cautious ahead of key U.S. inflation data, and other economic reports from the U.S. and Europe.

Monetary policy expectations from the Federal Reserve predominantly drove the Dollar's movements during the week spanning May 6 to May 10.

Telecom company TELUS Corp. (TU) announced Monday it will invest $17 billion to significantly expand and improve its network infrastructure and operations across British Columbia over the next five years.

US CPI report may show the next direction of EURUSD; UK employment data may take GBPUSD down; Is Australia labour report strong enough to take AUDUSD out of trading range?

The price of Brent crude oil is currently experiencing a downturn, trading around 82.55 USD per barrel this Monday. The primary concern affecting the market today is the uncertainty surrounding demand levels, exerting significant pressure on the commodity.

Oil-dollar pair fell 1.8%, ROC negative. Aussie dollar sideways, MACD positive. Euro-dollar sideways, MACD positive. Dollar-yen sideways, Stochastic RSI positive. China's consumer prices up for third month. Seeker's shares soar 35% above IPO price. Today: US bill auctions, Finland's Current Account, Portugal's CPI, Eurozone's Eurogroup Meeting, Japan's PPI.

Dollar gains slightly on hawkish Fed remarks - Investors scale back their Fed rate cut bets - China’s CPI rises for the third straight month - US stocks stay supported despite rebound in yields

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto market under pressure from Bitcoin