Daily market news

The Reserve Bank of Australia (RBA) will publish its minutes of its monetary policy meeting on Tuesday at 00.30 GMT.

The Canadian Dollar (CAD) edges higher against the US Dollar (USD) on Monday amid a softer Greenback. At the time of writing, the pair is trading around 1.3740, down about 0.4% on the day and holding close to September lows.

GBP/USD rallies during the North American session on Monday, up by 0.59% after the latest data in the UK showed that the economy grew as expected amid thin liquidity trading as investors brace for Christmas eve holiday.

The Japanese Yen (JPY) trades firmer against the US Dollar (USD) on Monday, as Japanese officials stepped up verbal warnings against excessive currency moves, underscoring growing unease over the Yen’s recent weakness.

The Euro (EUR) trades on the back foot against the British Pound (GBP) on Monday, as Sterling firmed against its major peers following the release of the United Kingdom’s Q3 Gross Domestic Product (GDP) report.

EUR/USD trades around 1.1740 on Monday at the time of writing, up 0.25% on the day.

The AUD/USD pair is up 0.45% to near 0.6640 during the European trading session on Monday. The Aussie pair strengthens as the US Dollar (USD) underperforms its peers, despite traders remaining confident that the Federal Reserve (Fed) will not cut interest rates in the first policy meeting of 2026.

EUR/JPY trades around 184.70 on Monday at the time of writing, showing little change on the day, in an environment shaped by diverging signals from the Eurozone and Japan.

Silver (XAG/USD) prolongs its recent well-established uptrend and climbs to a fresh record high, around the $69.45 area, during the Asian session.