The Euro found support as the USD weakened following post-Fed gains.

APAC equities were mixed, while energy markets soared as geopolitical tensions increased.

Higher European fuel prices put the ECB in first place.

Will the EUR/USD continue to fall?

Today, the Euro regained some ground against the US Dollar as the Eurozone GDP and German inflation figures were released.

According to Bloomberg, fourth-quarter Eurozone GDP is expected to be 6.2 percent year on year and 0.5 percent quarter on quarter, up from 3.9 percent and 2.6 percent, respectively, in the previous quarter.

While December German CPI is expected to be 4.4 percent year on year, compared to 5.3 percent previously, and -0.2 percent month on month, compared to 0.5 percent previously.

Despite this data and rising heating costs for the winter, the ECB is expected to maintain its current monetary policy settings at its meeting this week.

APAC equities had a mixed start to the week, with Hong Kong and Japanese indices rising more than 1% while Australia's ASX 200 remained close to flat. For the Lunar New Year holiday, Mainland Chinese markets were closed.

After giving up a few basis points (bp) across the curve on Friday, US yields resumed their march higher in the Asian session today. 2-year Treasuries are trading at 1.20 percent, up 4 basis points, while 10-years are trading at 1.79 percent, up 2 basis points.

The US Dollar has taken a breather after its recent stellar run higher. While the growth and commodity currencies, such as the AUD, CAD, NOK, and NZD, regained some ground today.

Crude oil prices have risen to 6.5-year highs as geopolitical tensions over the Ukraine-Russia border have risen.

This Wednesday, OPEC+ will meet to discuss crude oil output supply. Contracts for natural gas, heating oil, and gasoline were also higher in Asia.

Following today's Eurozone GDP and German CPI figures, the US will receive the MNI Chicago PMI, and San Francisco Fed President Mary Daly will deliver a speech at a live Reuters event.

The Reserve Bank of Australia (RBA), the European Central Bank (ECB), and the Bank of England (BoE) will all meet this week to discuss monetary policy.

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