XCU/USD Exchange rate

AUD/USD extends gains toward 0.6450 in the Asian session on Monday. Optimism over the weekend's US-China trade negotiations in Geneva, Switzerland, boosts the Chinese-proxy Australian Dollar against the US Dollar. Traders will keep an eye on further positive developments that could support the pair. 

USD/JPY pares back gains below 146.00, retreating from monthly highs at the start of a new week. The US Dollar reverses US-China trade deal optimism-led gains, dragging the pair lower. Worries over US-Japan trade talks resurface, lending support to the safe-haven Japanese Yen. 

Gold price opens the week on a bearish note amid US-China trade deal optimism. The US Dollar holds a bullish opening gap amid a generalized risk-on market profile. Gold price closed Friday above 21-day SMA, then at $3,307, where next?

Bitcoin price is stabilizing at around $104,000 on Monday after rallying by 10.44% last week. Ethereum and Ripple followed BTC’s lead and soared 39% and nearly 10% in the previous week.

For Britain, the UK-US deal secures lower tariffs without compromising forthcoming UK-EU talks. And for the US, it signals to investors that the administration is prepared to be flexible on tariffs. But we're sceptical that the deal will translate into a much wider de-escalation in US tariff policy.