The New Zealand dollar weakened against other major currencies in the Asian session on Monday.

The Australian dollar weakened against other major currencies in the Asian session on Monday.

European stocks may open on a mixed note Monday, with potential upside likely to remain capped ahead of key U.S. inflation data and Fed Chair Jerome Powell's speech due this week.

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.

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.

Japanese authorities reduced their bond purchases in regular operations in response to the significant depreciation of the yen.

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