WTI US OIL Exchange rate

The sudden data-driven bounce in the Greenback motivated EUR/USD to give away part of the daily gains and refocus on the area below the 1.0800 support on Monday.

GBP/USD now sheds some ground in reponse to the marked comeback in the US Dollar after the NY Fed Inflation Expectations came in higher than expected.

Gold prices remain on the back foot amidst some recovery in the Greenback ahead of the release of US PPI and CPI later in the week, prompting XAU/USD to retest the $2,330 region per troy ounce.

Crypto market cap on Monday stands at $2.2 trillion, down 5.2% over seven days, although it showed some growth over the weekend. Local market capitalisation peaked on March 14th, but the active decline began about a month ago.

Will inflation finally fall? That is the question for markets, battered by four consecutive worrying releases of the all-important CPI. A warm-up with PPI, speeches by key Fed officials, and also a look at the central bank's second mandate.