Speeches from the Fed to kick off the week.

USD/US Dollar: The US dollar has rallied since early Q3 back to levels last seen on either side of December last year as the Federal Reserve tightened monetary policy by hiking interest rates ever higher. There are a couple of speeches from the Fed today that will give us an idea of their strategy moving forward.

GBP/Sterling: In the view of Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group, GBP is still seen navigating the 1.2030-1.2270 rang for the time being. The safe-haven USD did get a minor lift in the wake of the global flight to safety, fueled by escalating geopolitical tensions in the Middle East, but nothing ground-breaking.

EUR/Euro: The pair snaps the winning streak that began on Wednesday, trading in the red zone near 1.0530 during the Asian session on Monday. The pair is experiencing downward pressure due to risk aversion, which is attributed to the Palestine-Israel military conflict.

Economic Calendar