EUR/USD is trading close to 1.0200 in early Europe, as the US dollar pares strong NFP-inspired gains amid an improving mood. Moody’s cut Italy’s credit rating amid political jitters. US-China tensions over Taiwan loom. EU Sentix awaited.
GBP/USD is edging higher above 1.2100, underpinned by a weaker US dollar amid a positive shift in risk sentiment. Bumper US NFP data ramped up aggressive Fed tightening expectations. UK political woes and a dovish BOE rate hike could cap the pound's upside.
Gold price pares intraday losses at around $1,775 amid the initial Monday morning in Europe. The yellow metal’s latest rebound could be linked to the technical support, as well as the US dollar’s retreat, amid a sluggish start to the key week.