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 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.
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.
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