This week promises a flurry of activity across global financial markets. The US dollar's performance against G10 currencies is showing slight variations, kicking off a week packed with significant events. These include meetings by the Bank of Canada and the ECB, the release of US jobs data, Federal Reserve Chair Powell's testimony before Congress, and US President Biden's much-anticipated State of the Union address.
In the Asia Pacific region, most major stock markets experienced gains, particularly in Australia, New Zealand, and Hong Kong. Similarly, Europe's Stoxx index is showing strength, while US index futures are indicating marginal losses.
Gold continues its upward trend for the fourth consecutive session, with a slight increase following a significant 1.9% surge over the weekend. Meanwhile, April WTI crude oil is trading steadily around the $80 mark.

Asia Pacific
Tomorrow, Tokyo will report its February CPI, with expectations of a rebound above 2% due to the impact of subsidies introduced in February 2023.
The dollar saw fluctuations during the Asia Pacific session, hitting a low near JPY149.85 before recovering to highs around JPY150.45 later in the European session.
The Australian dollar remained relatively stable, hovering around $0.6515 after forming a support level near $0.6490.

Europe
In Europe, two major events are on the horizon: the ECB meeting and the UK's Spring Budget. The ECB might provide updates on its policy framework review and possibly revise growth and inflation forecasts downwards, setting the stage for a potential rate cut in the second quarter.
The euro's trading range today was established early in the Asian session, fluctuating between ~$1.0840 and $1.0860.
Meanwhile, sterling maintained levels above $1.2650, with repeated tests around $1.2680.

America
The drop in rates, the risk-on that pushed the S&P 500 to reach a new record high, and the dollar pullback ahead of the weekend failed to drive it below the previous day's range against the Canadian dollar. However, sellers have consistently emerged around CAD1.3600 for the third consecutive session, while the US dollar found support near CAD1.3545 today.