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EUR/USD stays depressed below 1.0600 on firmer US Dollar, yields
EUR/USD keeps its bearish momentum intact while consolidating below 1.0600 in early Europe on Tuesday. The pair remains undermined by the ongoing uptrend in the US Dollar alongside the US Treasury bond yields on the Fed's higher for-longer rate view.
GBP/USD extends losses below 1.2200 amid sustained USD strength
GBP/USD remains under intense selling pressure below 1.2200 in the European session on Tuesday. Broad risk aversion and a sustained US Dollar strength are weighing heavily on the pair ahead of the mid-tier US economic data releases.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold price languishes near one-and-half-week low on hawkish Fed expectations
Gold price prolongs its descending trend witnessed over the past week or so and weakens further below the $1,915 level, hitting over a one-week low on Tuesday. The US Dollar (USD) stands tall near its highest level since December 2022 touched on Monday and continues to undermine the XAU/USD.
Shiba Inu inspired meme coin BONE notes first rise following the 55% crash in two months
Bone ShibaSwap, also known as BONE, is one of the few meme coins that had a positive run on Monday. The meme coin is slowly emerging into an entity of its own, provided it can attract enough users to fuel its long overdue recovery.
US Consumer Confidence Preview: Expectations turn critical after Fed’s announcement Premium
The United States (US) CB Consumer Confidence is expected to have extended its decline in September after trimming June and July gains in August. The index is foreseen at 105.5 in September.