New Zealand will on Tuesday release April figures for electronic card retail sales, highlighting a light day for Asia-Pacific economic activity. In March, sales were down 0.7 percent on month and 3.0 percent on year.

Export prices in South Korea spiked 6.2 percent on year in April, the Bank of Korea said on Tuesday - accelerating from 2.6 percent in March.

The Canadian market ended marginally down on Monday, weighed down by losses in materials and technology stocks. The mood was quite cautious with investors awaiting key U.S. inflation data and Fed Chair Jerome Powell's speech for more clarity on the central bank's interest rate trajectory.

The U.S. dollar drifted lower on Monday, weighed down by lower bond yields, as traders looked ahead to crucial inflation data, and awaited Fed Chair Jerome Powell's speech on Wednesday.

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.

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