The US Dollar emerged as the strongest-performing currency among the G10 last week, driven by rising US Treasury yields and market anticipation of further Federal Reserve interest rate hikes, according to FX Street. This hawkish outlook has supported the greenback's momentum across global FX markets.
Meanwhile, the Euro experienced slight losses, slipping below the 1.1400 level against the US Dollar on Monday. The decline came amid elevated oil prices and persistently high US Treasury yields, which weighed on the Euro's appeal, FX Street reported.
Gold prices also came under heavy selling pressure at the start of the week, as investors adjusted to expectations of additional Federal Reserve tightening measures. For Japanese investors, these dynamics highlight the importance of closely monitoring US monetary policy shifts, which continue to influence global currency and commodity markets.