On Monday, the AUD/USD pair experienced intraday swings, retreating to 0.6990 after briefly climbing to 0.7011 during the Asian session. This movement came as traders awaited the Australian Consumer Price Index (CPI) report and the Federal Reserve’s upcoming interest rate decision, according to FX Street.
Meanwhile, the EUR/USD pair reversed its early gains and moved toward closing the bullish gap formed at the weekly open. This adjustment followed a temporary pause in hostilities between the United States and Iran, which had been influencing market sentiment.
For Japanese investors, these fluctuations underscore the importance of closely monitoring global inflation data and central bank policies, as well as geopolitical tensions, which continue to shape FX market dynamics.