Forex News Today: Market Analysis for Traders

Gold fell about 1.49% to $4,163 on Monday as a firmer US Dollar, WTI near $93.69 and Fed hike bets weighed on XAU/USD. CPI and PPI are due this week.

Cleveland Fed President Beth Hammack said Monday that rates need to be higher and inflation pressures have broadened. Here is how USD/JPY, AUD/USD, gold and Bitcoin are exposed.

Strategist Jim Paulsen says the Walmart Recession Signal points to a US slowdown that could eventually push the Fed to cut rates after its 25 bp September hike.

EUR/USD is consolidating near its lows as French debt concerns support the dollar. US CPI is due Wednesday, and the French budget faces parliamentary hurdles.

USD/JPY drew buyers for a second day but lacked follow-through below the mid-158.00s. Fiscal worries in Japan and Middle East tensions are supporting the US dollar.

The dollar index is holding just above 102.00 as softer US data reduce bets on a Fed hike this month. MUFG sees Wednesday's September CPI as the key test.

Gold slipped to around $4,176 on Monday after failing to hold above $4,200. Traders are waiting for Wednesday's US CPI data, which could shape the Fed's next move.

EUR/USD traded around 1.1200 on Monday, close to its lowest level since May 2025, as French debt worries, a hawkish Fed and Middle East tensions favoured the dollar.