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Editors’ Picks
EUR/USD remains weak prior to US CPI, FOMC
Extra weakness sent EUR/USD to new multi-week lows in the 1.0720-1.0715 band amidst further strength in the US Dollar, persistent political worries in Europe and rising cautiousness ahead of US inflation and the Fed’s interest rate decision on June 12.
Gold maintains the sour tone around $2,310
Gold trades in positive territory above $2,310 after testing $2,300 earlier in the day. The benchmark 10-year US Treasury bond yield is down more than 0.5% on the day ahead of the 10-year note auction, helping XAU/USD stretch higher.
