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AUD/USD: A minor support emerges around 0.6480
AUD/USD added to Friday’s retracement, returning to the 0.6550 zone amid the persistent move higher in the US Dollar and the resumption of trade concerns. The Australian Dollar is expected to closely follow the release of critical hard data from China on Tuesday.
EUR/USD slips below 1.1700 as Trump’s tariff barrage fuels USD demand
The EUR/USD remains pressured during the North American session, below the 1.1700 figure as the Dollar got boosted by Trump unveiling new tariff letters on two of its largest trade partners, increasing appetite for haven assets.
Gold battling around $3,350 amid fresh tariffs’ threats
Gold prices maintain their bearish tilt around the $3,350 zone per troy ounce, leaving behind three consecutive days of gains. Fresh trade concerns seem to temper the precious metal’s decline, but investors remain cautious ahead of the publication of US inflation data on Tuesday and the US Dollar's continued strong tone.
Ethereum: Investors eye $3,400 following record inflows and BitMine's $500 million ETH acquisition
Ethereum trades near $3,000 on Monday following BitMine's disclosure of over 163,000 ETH holdings. The company's purchase comes as investors have piled in over $990 million into record-breaking inflows into ETH exchange-traded funds.
Five fundamentals for the week: Investors eye tariff circus and US inflation data Premium
Which country will be the next to receive a letter from America? US President Donald Trump has been extending his tariff threats through the weekend. Has the US economy felt the consequences of levies already imposed? These are the topics for another hot summer month.
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