EUR/USD is currently testing last week lows at 1.4260 and on Monday closed at the lowest price since September 3. GBP/USD failed to hold above 1.6100 and fell to 1.6025 reaching a fresh two-month low. The pair has fallen more than 550 pips since the beginning of December.
USD/CHF rose but did not hit multi-month highs. The Swiss Franc is still showing more strength than its European rivals. EUR/CHF holds below 1.5000, the pair recovered after starting the week below 1.4900. The Yen fell across the board at a moderate pace. USD/JPY rose above 91.00 to 91.25 hitting a 6-week high.
Currencies tied to commodities finished mix against Greenback. AUD/USD fell to 0.8805, fresh 2-month low. The Australian Dollar was affected by a decline in the price of gold. The Canadian Dollar was among the few currencies that rose against the Dollar. USD/CAD tumbled during the European session to 1.0535 (1-week low) but then recovered and rose back above 1.0600 after a report showed a smaller-than-expected increase in retail sales in Canada and a slide in crude oil prices. The barrel pulled down from $74 to $72.