Gasoline Exchange rate

EUR/USD keeps its marked advance in place above the 1.1300 barrier on Wednesday, buoyed by continued selling pressure on the US Dollar. Lingering trade tensions and fresh worries over US fiscal stability weigh further on the Greenback, while markets turn their focus to upcoming central bank remarks.

GBP/USD pulls back from the multi-year high near 1.3470 reached earlier in the day but manages well to maintain its bullish bias so far on Wednesday. Latest UK data showed annual CPI inflation surged to 3.5% in April from 2.6% in March, giving the British Pound extra wings.

Gold manages to reclaims the $3,300 mark per troy ounce on Wednesday, driven by mounting fears that Middle East tensions could escalate further Also collaborating with the rebound in the precious metal, the US Dollar remains on the back foot amid persistent debt concerns.

The recent surge in US Treasury bond yields after Moody’s cut the credit rating of the United States (US) sovereign debt could be a wake-up call for financial markets, the kind of canary in the coal mine that ends up being remembered as a turnaround signal.

Retail optimism is rising, but institutions are still treading carefully amid lingering macro and earnings risks. Policy and fiscal uncertainty remain elevated, with trade tensions, U.S. debt concerns, and a cautious Fed dominating the backdrop.