The US dollar was negotiated with a slightly positive bias on Tuesday, reversing a bearish start of the week and supported by a constant caution in the commercial conversations between the US and China in London, while it also developed prudence before the publication of vital data of US inflation on Wednesday.
This is what you have to observe on Wednesday, June 11:
The American dollar index (DXY) fluctuated within the range of 99.00 due to stable and growing yields about commercial negotiations between the US and China. The US inflation rate will be the most prominent event, followed by weekly MBA mortgages and EIA report on US crude oil inventories.
The EUR/USD alternated profits and losses in the low zone of 1,1400 while investors remained prudent amid the commercial discussions between the US and China. Absent the data in the euro calendar, the attention will focus on the speeches of Buch, Lane and Cipollone of the ECB.
The bad results of the United Kingdom Employment Report sent to the GBP/USD to the minimum area of ​​several days about 1,3450, only to recover some impulse later. All the attention will be in the review of expenses of Foreign Minister Reeves.
The additional depreciation of the Japanese Yen led the USD/JPY to advance at two weeks about 145.30 on Tuesday in the middle of a generalized mood in the FX galaxy. Production prices are the following in the domestic calendar.
The Aud/USD clung to their daily profits above the 0.6500 barrier after the developments of the commercial discussion between the US and China in the United Kingdom. The next publication of data in Australia will be the expectations of consumer inflation on June 12.
WTI prices exceeded the 66.00 mark per barrel, marking new two months, since a possible positive result of commercial discussions between the US and China in London promoted the feeling. However, that initial movement faded later, sending the merchandise to the negative territory near the mark of 64.00.
Gold prices were negotiated in an indecisive way on Tuesday, fading the increase on Monday and remaining around the 330th $ brand for ounce Troy in the middle of a growing prudence derived from commercial conversations between the US and China. Silver prices registered a remarkable setback, reversing three consecutive daily increases, including Friday’s progress to the neighborhood of the 37.00 brand per ounce for the first time since February 2012.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
