USD/CNY Exchange rate

EUR/USD has gathered recovery momentum in the early American session and rose toward 0.9700. The US Dollar Index continues to retrace its daily rally after disappointing Chicago Fed National Activity Index reading, helping EUR/USD push higher.

GBP/USD has extended its rebound and turned positive on the day near 1.0900. Speculations about the BoE preparing to deliver a statement on the pound's depreciation and the modest selling pressure surrounding the dollar fueled the pair's upside in the early American session.

Following the selloff witnessed in the early Asian session, gold turned positive on the day near $1,650 but erased its daily gains. The benchmark 10-year US Treasury bond yield is up more than 2% on a daily basis, not allowing XAU/USD to stretch higher.

Cardano price shows a consolidation below a stable support level and has yet to reveal a directional bias. The ongoing range tightening will likely resolve as the US markets head to a fresh start this week.

The S&P 500 index lost 4.1% last week and left traders melancholy with another week to go in this dreadful September. The S&P 500 index is down 6.6% so far in the month that is already known for poor performance, and most seem to think the pain will continue.