The US Non-Farm Payrolls (NFP) report may drag on AUD/USD as the update is anticipated to show a further improvement in the labor market.

US Indices ended the session in negative territory as better-than-expected economic data indicates that the FOMC will not back away from its aggressive tightening cycle.

EURUSD pushing higher on ECB rumors hints of intervention in energy markets.

Stock indices have had a slight breather after their recent fall. With the German Dax bouncing off critical support, FTSE 100 struggles to drive prices higher.

After three consecutive months of declines, U.S. consumer confidence rebounded in August as falling gas prices took some of the bite out of sky-inflation in the economy.

German Inflation Rises to 7.9%, ECB Hawks Talking up a 75bps Hike

Monetary policy divergence between the Bank of Japan and the Fed worsened after the Fed’s commitment to rate hikes while the BoJ remains supportive. Yen vulnerable

The DAX and FTSE both show signs of continuing recovery following Friday’s selloff, with China’s stimulus pledge allaying growth fears.