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The US Dollar (USD) is retreating a touch on Monday ahead of the US session in a rather calm week ahead, with many trading desks and markets across the globe closed on Good Friday. Traders will likely continue to speculate on whether
EUR/USD tested 1.0800 at the beginning of the week but managed to find support at that level.
The Mexican Peso capitalized on broad US Dollar weakness on Monday, climbing more than 0.1% in the mid-North American session.
Silver (XAG/USD) price is threatening to reverse its short-term uptrend and move lower within a range it has been yo-yoing within for almost a year – since April 2023.
Oil prices are soaring over 1% at the start of the week after finding some technical support on the pivotal $80.63 level. Prices could be set to rise further due to both supply and demand factors.