Here's what you need to know for Monday, March 28:

The dollar strengthened against its main rivals earlier this week, supported by higher US Treasury yields.

The negative change in risk sensitivity also provides an additional support to the dollar. Trade Balance data for February and the Dallas Federal Reserve's Texas Manufacturing Survey are due on the US economy on Monday.

Bank of England Governor Andrew Bailey will also deliver a speech during European Trade Hours.

On Sunday, China announced the introduction of a two-stage quarantine for Shanghai due to the increasing number of coronavirus infections. Meanwhile, Ukrainian President Volodymyr Zelenskyy said they will insist on sovereignty and territorial integrity in the next round of negotiations with Russia. U.S. stock index futures fell between 0.4% and 0.5% earlier on Monday, reflecting the bad mood in the market.

USD/JPY rose to its highest level since December 2015 after the Bank of Japan announced it would offer to buy unlimited quantities of Japanese 10-year government bonds at 0.25% during Asian hours.

In the Stock Exchange Today

EUR/USD is lagging behind after closing the previous three trading days in negative territory and trading below 1.1000 in negative territory. Earlier in the day, European Central Bank President Christine Lagarde noted that incoming data do not indicate a significant risk of stagflation. "In all scenarios, inflation is expected to decline and settle to levels around the bank's 2% target by 2024," Lagarde said.

GBP/USD slid to a six-day low of 1.3131 early Monday and then rose to 1.3150. BOE Chairman Bailey's speech at 1100 GMT was titled "Macroeconomic and financial stability in changing times."

Gold fell sharply into the week amid rising US T-bond yields. The benchmark 10-year US T-bond yield rose more than 1% early Monday at 2.5%, and XAU/USD fell 1.2% to $1,935.

Bitcoin gained more than 5% on Sunday and hit $47,694, its highest level since late December, before retreating to $47,000 in the early morning in Europe. Ethereum is trading at its highest level in more than two months at $3,300 after rising 15% last week.

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