The US dollar has strengthened ahead of the release of US retail sales and industrial production figures, appreciating against all G10 currencies except the Swiss franc. The Swiss National Bank (SNB) is scheduled to meet on Thursday.
The S&P 500 and NASDAQ reached new record highs yesterday, buoyed by strong performances from major tech companies, which in turn supported gains in Asia Pacific shares today.
Gold remains within last Friday's trading range. Meanwhile, August WTI crude oil prices rose by just over 2% yesterday, stalling near the $80 mark.

Asia Pacific Markets
The Reserve Bank of Australia (RBA) maintained its cash rate target at 4.35%, unchanged since last November's 25 basis point hike. Although the possibility of a rate hike was discussed, RBA Governor Michele Bullock emphasized the central bank's increasing vigilance regarding upside risks.
Despite the RBA's hawkish stance, the Australian dollar remains relatively stable.
The rise in US rates has arguably supported the US dollar, which reached session highs near JPY158 in North America yesterday. The dollar extended its gains close to JPY158.25, near the highest levels since the Bank of Japan's (BOJ) intervention in late April, following disappointment over the BOJ's reluctance to reduce bond purchases.

European Markets
Economic data releases from the eurozone are sparse this week. However, Germany's June ZEW investor sentiment survey indicated that while sentiment remains weak, it is not as negative as it has been previously.
The euro gently trended higher during the North American session, reaching session highs late in the day, just below the pre-weekend peak, and has slightly stalled today.

American Markets
Today, the US will release its May retail sales and industrial production figures. Both metrics were flat in April and are expected to show modest increases in May. The Atlanta Fed's GDP tracker will be updated later today, having stood at 3.1% on June 7. Additionally, at least six Federal Reserve officials are scheduled to speak today.
The slow decline of the Dollar Index and the recovery in US stocks have helped the Canadian dollar edge higher for the second consecutive session, with the greenback settling near session lows once again.