Indian shares were sharply lower on Monday, mirroring weak cues from other Asian markets after reports suggested that the Biden administration plans to raise tariffs on some goods from China.

Asian stock markets are trading mostly higher on Monday, following the mixed cues from Wall Street on Friday, on renewed optimism about the outlook for interest rates as recent data pointed to some softness in the U.S. labor market, increasing the chances of the US Fed lowering interest rates in the coming months. Asian markets closed mostly higher on Friday.

The Japanese stock market is trading slightly higher on Monday, adding to the gains in the previous session. The benchmark S&P/ASX 200 is staying above the 38,200 level, following the mixed cues from Wall Street cues on Friday, with gains in index heavyweights and financial stocks.

Indian shares may open on a cautious note Monday, tracking weak cues from other Asian markets.

The Thai stock market on Friday snapped the two-day slide in which it had dipped more than 7 points or 0.5 percent. The Stock Exchange of Thailand now sits just above the 1,370-point plateau and it may inch higher again on Monday.

The Australian Dollar soared past the 0.66 cent mark to 0.6620 (0.6585), outperforming it Peers following higher Iron Ore and base metal prices.

This Forex Market Report provides a snapshot of key economic and financial developments influencing the global forex markets. Traders can monitor these factors closely to adjust their strategies accordingly.

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Toncoin catches up with XRP

Dollar drops as jobless claims signal labor market is losing steam - Gold and stock markets climb, capitalizing on Fed rate cut bets - Sterling retreats on BoE decision, but recovers after GDP stats

In the aftermath of the recent session, the USD and US yields are showing signs of resilience, reclaiming ground lost in the previous week's sell-off. Equities, on the other hand, are maintaining stability, supported by various technical factors such as CTA flow, buybacks, and vol compression, as highlighted by Goldman Sachs equity counterparts. However, the fervour to chase last week's rally seem