Daily market news

EUR/USD trades firmly around 1.0850 after recovering early losses in Monday’s European session.

Euro (EUR) is likely to trade sideways between 1.0800 and 1.0890 vs US Dollar (USD).

Silver price (XAG/USD) remains subdued for the third successive day, trading around $32.40 during the European hours on Monday.

NZD/USD gains ground after registering losses in the previous session, trading around 0.5730 during the early European hours on Monday.

Here is what you need to know on Monday, March 10: The US Dollar (USD) Index fell more than 3% last week and registered its largest one-week loss since November 2022.

The USD/CHF pair continues its decline for the third consecutive day and is trading around 0.8790 during Monday’s Asian session.

Silver price (XAG/USD) extends its losing streak for a third consecutive session, trading around $32.40 per troy ounce during Asian hours on Monday.

The GBP/USD pair kicks off the new week on a positive move and trades around the 1.2940-1.2945 region during the Asian session, or a four-month high touched on Friday.

The proposal from Germany’s expected coalition partners that they plan to relax the country’s debt rules to boost defence spending and support infrastructure has been billed by some commentators as Germany’s whatever it takes moment, Rabobank's FX analyst Jane Foley notes.

A Reuters poll showed that 70 of 74 economists surveyed suggest that risks for the Mexican, Canadian, and American economies are piling up amid US President Donald Trump's controversial trade policies.