EUR/USD slides following disappointing economic data in Europe and rising U.S. Treasury yields, but volatility is limited, with many traders on the sidelines ahead of U.S. inflation data later in the week

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ZAR prices slumped this Monday after tensions between Ukraine & Russia grew, stoking risk aversion towards risker currencies including the ZAR.

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The Japanese yen retreated after the officials clarified the reasoning behind the tweak – to prolong dovish policy not usher in normalization. US CPI and UK GDP next

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The Bank of Canada looks on course to hold rates steady once more. This coupled with a rebound in the Dollar has weighed on the Canadian Dollar, while the long-held view regarding correlation between Oil prices and the CAD continues to be tested.

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US Treasury yields are picking up after Friday’s post-NFP sell-off and that is putting renewed downward pressure on the price of gold and silver.

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