GBP/USD Holds Positive Ground Above 1.2800, Weaker US Manufacturing PMI Weighs on US Dollar

The GBP/USD pair attracts some buyers around 1.2810 during the early Asian session on Tuesday.

FXStreet19:10 ET

Gold Prices Surge as US Treasury Yields Drop on Soft US ISM PMI

Gold climbs over 0.80% after hitting a daily low of $2,314.

FXStreet17:17 ET

GBP/USD Price Analysis: Stays Bullish, Climbs to Four-day High

GBP/USD climbs to 1.2772, close to a four-day high of 1.2784.

FXStreetJun 3 11:19 ET

Following the ISM index, selling pressure on the dollar increased and the dollar-yen fell to the lower half of 156 yen. = NY foreign exchange news.

In response to the ISM manufacturing index released at 23:00 Japan Standard Time, the USD is being sold heavily, causing the USD/JPY to drop to the mid-156 yen level. US Treasury yields are also sharply declining, pushing down the USD/JPY. The ISM manufacturing index has fallen for two consecutive months to 48.7 and has fallen further below the judgment criterion of 50. Although strong content was expected from the US regional Federal Reserve index and the US manufacturing PMI announced by S&P, the market is showing a sensitive reaction to the unexpected results. New orders, production, and employment indices all declined.

MinkabuJun 3 10:34 ET

US Dollar Steadies as Traders Brace for Data-packed Week

The US Dollar trades mixed against its major peers on Monday.

FXStreetJun 3 07:30 ET

In May, the United Kingdom's manufacturing PMI returned to the expansion range, and factory prices reached their largest increase in a year.

According to a survey released on Monday, the United Kingdom's manufacturing industry resumed growth last month after a long period of slowdown, but rising prices by businesses may make the Bank of England cautious about cutting interest rates.

Zhitong FinanceJun 3 06:54 ET