USD currently hovers around its two-week low around 92.60 at press time. Investors are looking ahead to this Friday’s non-farm payrolls. Last week the Fed Chair Powell has commented that employment moves towards the goal but does not provide sufficient evidence to raise interest rates.
In Japan, the government put on hold vaccines from Moderna due to potential contamination. Black substances have been found in multiple bottles, prompting the nationwide suspension of 1.63 million new doses.
In Australia, data released on Monday showed that company profits surged 7.1% in Q2, beating the forecast at 2.5%. AUDUSD went on an aggressive uptrend after the release of the data. On Wednesday, Australia will release its Q2 GDP. Currently, the forecasts range from -0.1% to 1.2%, showing much uncertainty.