Trading news

The AUD/USD pair extends its winning streak for the 12th trading day on Monday. The Aussie pair trades firmly to near its over two-month high of 0.6650 during the late Asian session, posted on Friday.

Japan’s Finance Minister Satsuki Katayama said on Monday that he has recently seen one-sided and rapid moves in the foreign exchange market, and he will take appropriate action if necessary. 

Silver (XAG/USD) lacks a firm intraday directional bias on Monday and seesaws between tepid gains/minor losses through the Asian session.

The EUR/JPY cross gains ground to near 180.90 during the early European session on Monday. The Japanese Yen (JPY) softens against the Euro (EUR) amid the weaker-than-expected revised Gross Domestic Product (GDP) report.

The Indian Rupee (INR) opens on a bearish note against the US Dollar (USD) at the start of the week.

China’s Politburo held its latest meeting on Monday, with the key takeaways noted below.

Gold (XAU/USD) attracts some dip-buying at the start of a new week and stalls Friday's modest pullback from the $4,260 area, or the vicinity of its highest level since October 21.

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a negative note near 98.90 during the Asian trading hours on Monday.

Gold prices rose in India on Monday, according to data compiled by FXStreet.

The NZD/USD pair attracts some buyers to around 0.5785 during the Asian trading hours on Monday. The New Zealand Dollar (NZD) remains weak against the US Dollar (USD) after China’s Trade Balance data. All eyes will be on the US Federal Reserve (Fed) interest rate decision on Wednesday.

The Japanese Yen (JPY) attracts some dip-buying at the start of a new week and remains close to its highest level since November 14, touched against a weaker US Dollar (USD) on Friday.

The USD/CAD pair trades weakly near its 11-week low around 1.3800 during the Asian trading session on Monday.

China Trade Balance USD came in at $111.68B, above expectations ($100.2B) in November

China Exports (YoY) above expectations (3.8%) in November: Actual (5.9%)

China Imports (YoY) came in at 1.9% below forecasts (2.8%) in November

China Trade Balance CNY rose from previous 640.4B to 792.57B in November

China Exports (YoY) CNY: 5.7% (November) vs -0.8%

China Exports (YoY) came in at 5.7%, above forecasts (3.8%) in November

In an interview with the Italian financial magazine Milano Finanza on Saturday, European Central Bank policymaker Olli Rehn said that "our latest forecast suggests inflation will remain slightly below 2% over the horizon."

West Texas Intermediate (WTI) US Crude Oil prices struggle to capitalize on a three-week-old uptrend and oscillate in a narrow band during the Asian session on Monday.