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AUD/USD grinds above 0.6500 on hawkish RBA’s Lowe ahead of China PMI, Aussie inflation
AUD/USD picks up bids to pare the previous day’s losses around 0.6520, after snapping a two-day uptrend, as Reserve Bank of Australia (RBA) Governor Philip Lowe sounds hawkish on early Wednesday in Asia.
EUR/USD holds firm above 1.0700 Premium
EUR/USD managed to hold on to its recovery from monthly lows, hovering around 1.0730 ahead of the Asian session. The US Dollar is having a mixed performance amid cautious markets, as investors await news on the debt limit drama.
Gold juggles around $1,960 after a rally inspired by US Dollar’s correction
Gold price has turned sideways around $1,960.00 after failing to extend a rally above $1,963.70 in the early Asian session. A quick rally in the Gold price came after a vertical sell-off in the US Dollar Index (DXY).
CFTC warns of product range expansion risks as the securities offering debate continues
The United States Commodities Futures Trading Commission (CFTC) released a staff advisory letter on May 30, addressing registered derivatives clearing organizations (DCOs) and DCO applicants.
US: Confidence shaken amid early tremors in job market
Consumer confidence slipped slightly in May, and while the weakening may reflect short-term worries about the debt ceiling, the more interesting developments reveal how the sand is shifting under consumers' feet.