US Dollar
The US Dollar is trading mixed against its major peers after ending the week lower against most currencies, due to the more dovish-than-expected FED statement. Investors now await Tuesday's data on U.S. inflation, as FED Chair Janet Yellen warned, that a strong dollar could keep inflation below target.
EURO
The euro is trading lower against the greenback after Friday's gains. The U.S. dollar set its worst weekly performance against the single currency last week amid expectations that U.S. rates will rise slower than expected. Today, German Chancellor Angela Merkel will meet Greek Prime Minister Alexis Tsirpas for the second time to discuss the Greek bailout.
AT 14:30 GMT ECB president Mario Draghi will hold a speech.
The British pound
The pound fell during the Asian session on Monday against the US dollar ahead of data regarding expected industrial orders.
Australian dollar
The Australian dollar gained against the greenback during the Asian session in the absence of major data from the region.
Japanese yen
The Japanese yen traded slightly higher against the greenback on Monday in the absence of major economic data. Bank of Japan’s Governor, Haruhiko Kuroda told Prime Minister Shinzo Abe that low oil prices are slowing inflation but that the long term trend of rising consumer prices is still intact as the economic growth is on track and that the economy is recovering.