The USD/JPY pair moves higher to near 149.00 in Monday’s North American session.

USD/JPY has been on a downtrend since early January, Rabobank's FX analyst Jane Foley reports.

The AUD/USD pair surges to near 0.6350 in North American trading hours on Monday, the highest level seen in over a week.

Pound Sterling (GBP) retains a firm undertone. Investors are looking ahead to this week’s BoE policy decision and expecting a hold amid still sticky UK price trends, Scotiabank's Chief FX Strategist Shaun Osborne notes.

The Euro (EUR) traded narrowly for most of the overnight session before rallying from the upper 1.08s to retest Friday’s intraday high in the low 1.09 area in a spurt of gains through late morning European trade, Scotiabank's Chief FX Strategist Shaun Osborne notes, Scotiabank's Chief FX Strategist Shaun Osborne notes.

The Canadian Dollar (CAD) is little changed over the weekend, Scotiabank's Chief FX Strategist Shaun Osborne notes.

AUD/USD is firmer on broad US Dollar (USD) weakness and improving Chinese economic activity, BBH FX analysts report.

USD/MXN has breached the lower limit of its multi-month range denoting risk of persistence in decline, Société Générale's FX analysts note.

US Dollar (USD) is expected to trade in a range vs Japanese Yen (JPY), most likely between 147.80 and 149.20.

The big event this week for GBP FX is the Bank of England meeting on Thursday, Danske Bank's FX analyst Jens Nærvig Pedersen reports.

Increase in momentum suggests potential for NZD to continue to advance; it is unclear whether it can break and remain above the 0.5765/0.5775 resistance zone.

The USD/CAD pair struggles to gain ground near the three-day low of 1.4360 in European trading hours on Monday.

Scope for Australian Dollar (AUD) to rise further vs US Dollar (USD), but it does not seem to have enough momentum to test 0.6385 (there is another resistance at 0.6365).

The Pound Sterling (GBP) trades in a tight range against the US Dollar (USD) around 1.2950 at the start of the week.

All the UK action this week comes on Thursday. That's when we'll see both the next instalment of UK wage data and the Bank of England MPC meeting, ING's FX analyst Chris Turner notes.

Pound Sterling (GBP) is likely to trade in a 1.2900/1.2970 range.

Price movements in Euro (EUR) vs US Dollar (USD) are likely part of a range trading phase between 1.0845 and 1.0910.

It looks as though EUR/USD can stay relatively supported for the short term, ING's FX analyst Chris Turner notes.

EUR/GBP remains stable around 0.8410 during early European trading hours on Monday, following gains in the previous session.

Here is what you need to know on Monday, March 17: Major currency pairs fluctuate in familiar ranges ahead of this week's highly-anticipated monetary policy announcements by major central banks, including the Federal Reserve (Fed) and the Bank of Japan (BoJ).

The EUR/JPY cross loses momentum to around 162.15 during the early European session on Monday.

The USD/CHF pair attracts some sellers to around 0.8845 during the early European session on Monday.

AUD/JPY continues to gain ground for the second successive day, trading around 94.20 during the Asian hours on Monday.

NZD/USD continues its upward momentum for the second consecutive day, trading around 0.5760 during Asian hours on Monday.

The Indian Rupee (INR) strengthens on Monday. The concerns about slowing growth in the US economy from US President Donald Trump administration's trade policies weigh on the Greenback and provide some support to the INR.

On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1688 as compared to Friday's fix of 7.1738 and 7.2199 Reuters estimate.

Banco de Mexico (Banxico) Director of Economic Research Alejandrina Salcedo Cisneros said that uncertainty is having a widespread impact on the country's businesses, so the outlook points to a moderate expansion of regional economies.

The Pound Sterling registers back-to-back bearish days, dropping some 0.14% on Friday against the Greenback after economic data from the UK revealed that the Gross Domestic Product (GDP) contracted.

The EUR/USD pair edges higher and recovers to 1.0900 at the time of writing on Friday, erasing its sluggish performance from earlier this week.

Pound Sterling (GBP) is little changed on the session after UK GDP data fell 0.1% in the January month, a little weaker than forecast, Scotiabank's Chief FX Strategist Shaun Osborne notes.