EUR/USD surged on Monday enjoying one of its highest one-day gains in nearly a month, as investors await the Federal Open Market Committee's two-day meeting starting on Tuesday for further hints on the timing of a highly-anticipated interest rate hike. The currency pair traded between 1.0970 and 1.1130 on Monday before settling at 1.1090, up 1.10% on the session.
The pound rose against the US Dollar on Monday despite positive U.S. data on durable goods orders, as sentiment on the greenback remained under pressure ahead of this week's policy statement by the Federal Reserve. GBP/USD raised 0.35% to 1.5570.
The yen was strengthened in Asia on Monday despite a weaker than expected corporate services price index in an otherwise light data day in the region. Japan's corporate services index rose 0.5%, below the 0.6% gain expected year-on-year for June. Later, Bank of Japan Deputy Governor Hiroshi Nakaso will speak to business leaders in southwest Japan. USD/JPY changed hands at 123.70, down 0.10%,
