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US Dollar recovery continues ahead of PMI reports

The US Dollar (USD) continues to benefit from risk aversion and gathers strength early Friday, with the US Dollar Index extending Thursday’s rebound toward 103.00. S&P Global will release the preliminary June Manufacturing and Services PMI surveys for Germany, the Eurozone, the UK and the US. Investors will also pay close attention to comments from […]

Gold bulls must defend $1,900 for a chance at recovery…

EURUSD EUR/USD is extending the overnight correction from six-week highs above 1.1000, drifting toward 1.0900 early Friday.  The Fed’s hawkish outlook and the risk-off impulse continue to underpin the safe-haven buck. EU and US PMIs in focus.  If the pair continues the uptrend to the range of 1.0995, it is expected to continue the uptrend […]

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