NOK/JPY Exchange rate

EUR/USD trims losses and recovers above 1.1600 in the European session on Monday. The US Dollar upswing loses steam, even as risk sentiment remains in a softer spot and markets continue to scale back on December Fed rate cut expectations, lending support to the pair. 

GBP/USD is looking to extend its rebound toward 1.3200 in European trading on Monday. The pair capitalizes on a pause in the US Dollar rebound, while Pound Sterling buyers remain unnerved amid UK fiscal concerns. Focus shifts to central bank talks amid tepid market mood. 

Gold struggles to gain any meaningful traction on Monday amid mixed fundamental cues. Reduced December Fed rate cut bets benefit the USD and cap the non-yielding commodity. Economic concerns and a softer risk tone limit losses ahead of the delayed US macro data.

Bitcoin Ethereum, and Ripple begin the week on a cautious note, trading near their respective support levels. Market sentiment remains fragile following last week’s volatility, with BTC, ETH, and XRP correcting by nearly 10%, 14%, and 7%, respectively.

Canada, Japan and the UK to publish CPI data, but not the US. US October jobs and inflation reports may never get released. New release schedule likely; FOMC minutes eyed in meantime. Flash PMIs to be watched amid renewed economic worries