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EUR/USD retreats below 1.0650 on renewed USD strength

EUR/USD retreats below 1.0650 on renewed USD strength

EUR/USD came under modest bearish pressure and declined below 1.0650 in the European session on Monday. The renewed US Dollar strength doesn't allow the pair to gain traction as focus shifts to ECB President Lagarde's speech.

EUR/USD News

GBP/USD drops to fresh five-month lows, closes in on 1.2300

GBP/USD drops to fresh five-month lows, closes in on 1.2300

GBP/USD extends its slide toward 1.2300 and trades at a fresh five-month low in the European session on Monday. The cautious market stance helps the US Dollar stay resilient against its rivals and weighs on the pair ahead of Tuesday's key PMI data.

GBP/USD News

Gold drops to one-week low below $2,350

Gold drops to one-week low below $2,350

Gold stays under heavy bearish pressure and trades at its lowest level in a week below $2,350. The benchmark 10-year US Treasury bond yield stays in positive territory above 4.6%, forcing XAU/USD to stay on the back foot.

Gold News

XRP jumps above $0.50 as Ripple is set to file opposition brief in SEC lawsuit

XRP jumps above $0.50 as Ripple is set to file opposition brief in SEC lawsuit

XRP price climbed to a high of $0.54 on Monday, hours before Ripple files its response to the Securities and Exchange Commission (SEC) remedies-related opening brief. 

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Three fundamentals for the week: US GDP, BoJ and the Fed's favorite inflation gauge stand out Premium

Three fundamentals for the week: US GDP, BoJ and the Fed's favorite inflation gauge stand out

While it is hard to predict when geopolitical news erupts, the level of tension is lower. This week's US figures are set to shape the Fed decision next week – and the BoJ may struggle to halt the Yen's deterioration. 

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