This is what you need to know to trade today Friday June 25:
Upbeat mood remains the underlying theme so far this Friday, as the Asian market was buoyed by Wall Street’s record rally, courtesy of a $ 579 billion bipartisan US infrastructure deal that sparked economic optimism.
The feeling of risk It overshadowed the dollar’s safe-haven appeal as it raised top-yielding US rates. Additionally, the price of gold took advantage of US stimulus optimism, with more funds likely to seep into the economy. The oro registers small profits to trade close to $ 1780.
Among the G10 currencies, the American dollar remains on the defensive amid mixed signals from Fed officials and weak economic data. The greenback is also on offer pending the Fed’s preferred inflation indicator, the PCE price index, to be published this Friday.
The NZD strong, while the Japanese yen is the main laggard across the board. AUD / USD tests 0.7600, shrugging off the fights between the US and China. The EUR/USD it is consolidating its recovery below 1.1950 amid the lack of top-level economic data from the old continent.
The GBP/USD is attempting post-BOE recovery above 1.3900 amid renewed Brexit optimism. A compromise between the European Union (EU) and UK negotiators on the so-called Northern Ireland sausage war offers support for the pound. However, the growing cases of the Delta Plus covid variant in the UK and the dovish decision by the BoE could keep the rebound limited.
The Bitcoin has passed the $ 35,000 mark in the session after the world’s largest Bitcoin mining machine maker Bitmain suspended sales as miners flee China. At the moment, the crypto has moderated and is trading above $ 34,500.
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