USD/JPY resumes rebound from two-month trough
USD/JPY tilted higher in Asian trade off March 4 lows amid a lack of data from Japan today due to a bank holiday and ahead of US data later today.
As of 06:52 GMT, USD/JPY rose 0.23% to 109.32, with an intraday high at 109.35.
From the US, goods trade deficit is expected up to $74.5 billion from $71.1 billion in February, while factory orders are expected up 1.3% in March.
Federal Reserve Bank of San Francisco President Mary Daly is due to to participate in a panel discussion at an online event hosted by the Economic Club of Minnesota.
Dollar deepens losses after weak economic data
The US dollar fell against most of its peers on Monday, as investors avoided safe havens and turned to risky assets, in addition to the release of weak economic data.
Apple, Microsoft, Amazon, Tesla and Facebook have reported better-than-expected earnings in the first quarter of 2021.
The US Federal Reserve decided last week to keep the interest rate between 0.0% and 0.25% unchanged.
Although several countries managed to contain the Covid-19 pandemic, India is still an exception to this, as it is now facing a sharp spike in the infection rate and deaths, while the health system is being overwhelmed.
The ISM US manufacturing PMI fell to 60.7 points in April from 64.7 points in March, while analysts forecast a rise to 65.
The dollar index fell against a basket of currencies by 0.3% to 90.9 points as of 18:52 GMT, after it hit a high of 91.3 points and a low of 90.8 points.
Gold closes more than 1% higher on falling dollar
Gold prices rose on Monday, and closed near the $1800 barrier once again, as the US dollar fell against most of its peers.
Although several countries managed to contain the Covid-19 pandemic, India is still an exception to this, as it is now facing a sharp spike in the infection rate and deaths, while the health system is being overwhelmed.
The US Federal Reserve decided last week to keep the interest rate between 0.0% and 0.25% unchanged.
The dollar index fell against a basket of currencies by 0.3% to 90.9 points as of 20:32 GMT, after it hit a high of 91.3 points and a low of 90.8 points.
Gold June futures rose 1.4% or $24.10, and closed at $1,791.8 an ounce.
Silver ends over 4% higher, posts biggest daily gain since February
Silver prices rose on Monday, and scored the largest daily gain in dollars and percentage since February, as the US dollar fell against most of its peers.
Despite some countries containing the Covid-19 pandemic, India is still an exception to this, as it is now facing a sharp spike in the infection rate and deaths, while the health system is being overwhelmed.
The US Federal Reserve decided last week to keep the interest rate between 0.0% and 0.25% unchanged.
The dollar index fell against a basket of currencies by 0.3% to 90.9 points as of 21:29 GMT, after it hit a high of 91.3 points and a low of 90.8 points.
Silver July futures rose 4.2% or 13 $1.09, and closed at $26.96 an ounce.