EUR/USD clinches its second consecutive day of losses on Monday, now breaking below the key 1.1600 support to challenge three-day troughs near 1.1580.

Spot Gold trades with a soft tone on Monday, although confined to a well-limited intraday range. The bright metal hovers around $4,070 a troy ounce in the American session, trading at the lower end of Friday’s range, as investors await fresh clues about the United States (US) economic health.

The Australian Dollar (AUD) trades well on the back foot in quite a negative start to the new trading week, with AUD/USD retreating to the 0.6500 neighbourhood in a context dominated by the resumption of the buying interest around the US Dollar (USD).

Gold remains bullish above $4,000 despite recent profit-taking, as traders await fresh economic data and Fed signals following the US government’s reopening.

EUR/USD remains range-bound near 1.1620 as traders weigh fading bullish momentum against uncertainty over upcoming Fed rate decisions.

Bitcoin dropped to its lowest level since May, ignoring the US government’s reopening and fueling fears of deeper losses as technical and macro pressures mount.