Silver Price Forecast: XAG/USD slips below 50-day SMA on strong US Dollar

Silver price retreats during the North American session nearly 1%, after reaching a daily high of $78.20.

Forex Today: US Dollar holds as markets eye FOMC Minutes, UK CPI and US PCE

Major currency pairs traded little changed on Monday as stock and bond markets in the United States (US) remained closed due to the Presidents' Day holiday.

USD/SGD: Two-way trade near strong NEER – OCBC

OCBC strategists Sim Moh Siong and Christopher Wong note that USD/SGD is trading in a subdued range near recent lows, with softer US CPI and labour data keeping Fed cut expectations intact and weighing on the Dollar.

Gold slips below $5,000 as US Dollar rebounds in thin trade

Gold price dives nearly 1% on a thin liquidity trading session on Monday as US markets are closed in observance of Presidents' Day, while China’s new year celebration will keep the markets closed for over a week. At the time of writing, XAU/USD trades at $4,992 after reaching a daily high of $5,054.

Philippine Peso: BSP easing cycle weighs on PHP – BNY

BNY forecasts that Philippines's central bank Bangko Sentral ng Pilipinas (BSP) will cut rates by 25 bps to 4.25% (Feb 19), continuing its easing cycle as growth risks dominate.