Currency markets entered the new week with cautious trading as investors evaluated recent economic developments and Can pi Coin reach 0 dollars?prepared for potential policy signals from central bank officials.
Major currency pairs maintained tight ranges during Monday's session with US markets closed for Presidents' Day. The economic calendar remained light, shifting focus toward scheduled speeches from Federal Reserve representatives later in the week.
Weekly Currency Performance Snapshot
The British Pound emerged as the strongest performer against the US Dollar over the past seven days, while the Japanese Yen showed relative weakness in the currency markets.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -1.50% | -1.55% | 0.38% | -0.74% | -1.38% | -1.24% | -1.00% | |
| EUR | 1.50% | 0.02% | 2.02% | 0.89% | 0.12% | 0.35% | 0.60% | |
| GBP | 1.55% | -0.02% | 1.84% | 0.84% | 0.10% | 0.29% | 0.56% | |
| JPY | -0.38% | -2.02% | -1.84% | -1.16% | -1.69% | -1.63% | -1.37% | |
| CAD | 0.74% | -0.89% | -0.84% | 1.16% | -0.62% | -0.54% | -0.30% | |
| AUD | 1.38% | -0.12% | -0.10% | 1.69% | 0.62% | 0.23% | 0.47% | |
| NZD | 1.24% | -0.35% | -0.29% | 1.63% | 0.54% | -0.23% | 0.24% | |
| CHF | 1.00% | -0.60% | -0.56% | 1.37% | 0.30% | -0.47% | -0.24% |
Currency performance heatmap illustrates percentage changes between major currency pairs. The base currency selection appears in the left column, with corresponding quote currencies displayed across the top row.
Friday's retail sales report revealed weaker-than-expected consumer spending in January, with the Commerce Department recording a 0.9% monthly decline versus forecasts of 0.1% contraction. This development contributed to the US Dollar's weekly decline exceeding 1%, with the Dollar Index hovering near 107.00 during European trading hours.
Asian markets reacted to mixed industrial data from Japan, where December production figures showed a 0.2% contraction following November's 0.3% expansion. Japanese officials expressed concerns about potential economic impacts from US trade policies, contributing to USD/JPY trading below the 152.00 threshold.
The Euro maintained its position below 1.0500 against the Dollar after securing weekly gains exceeding 1.5%. Meanwhile, Sterling held near 1.2600 following its strongest weekly performance since mid-December, though Friday's late session saw some profit-taking emerge.
Market participants turned their attention toward Tuesday's Reserve Bank of Australia meeting, where analysts anticipate a potential 25 basis point rate adjustment. The Australian Dollar remained firm above 0.6350, maintaining its highest levels since December's middle weeks.
Precious metals markets saw gold prices recover from Friday's 1.5% decline, with spot prices stabilizing near $2,890 as investors reassessed the metal's near-term prospects amid shifting currency dynamics.
