The rebound from the monthly low (1.0806) may continue to unravel as EUR/SD appears to have reversed ahead of the former support zone around January low (1.1121).

U.S. stocks fall at the start of the week, weighed down by the lack of positive developments on the geopolitical front and rising Treasury yields ahead of the FOMC meeting.

The Federal Reserve interest rate decision is likely to sway the near-term outlook for USD/CAD as the central bank is expected to normalize monetary policy.

USD/JPY builds on recent gains and moves closer to the 118.00 handle at the start of the week, supported by rising U.S. Treasury yields ahead of Wednesday’s FOMC liftoff.

The DAX is currently testing critical resistance as German stocks drive the European equity rally.

US consumer inflation expectations rose in a survey released by the New York Fed, potentially further complicating the outlook for Fed officials at this week’s policy meeting.

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