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Manufacturing PMIs Signal Global Industry Rebound in 2Q -- Market Talk
The latest manufacturing PMIs suggest the global industry recovery has gathered momentum so far in 2Q and price pressures have risen.
EUR/USD Climbs Back Over 1.09 as Investors Gear up for ECB Rate Call
EUR/USD kicked off another Nonfarm Payrolls (NFP) week looking for higher ground, vaulting the Euro to its highest bids against the US Dollar in almost ten weeks, clipping over the 1.0900 handle.
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.
Forex Today: US Data Dominate the Mood in the FX Space
The USD Index (DXY) dropped markedly and flirted with three-week lows near the 104.00 neighbourhood. On June 4, Factory Orders take centre stage seconded by the JOLTs Job Openings and the RCM/TIPP Economic Optimism Index.
European Central Bank's interest rate decision ahead of the euro outlook: technical analysis of EUR/USD, EUR/CHF.
The euro/US dollar benefited from a weakened US dollar, and is expected to rise further if US data disappoints; Swiss Franc is supported by the inflation comments from Swiss National Bank Chairman Jordan.
US Dollar Continues to Decline Due to Weak ISM PMI Data
On Monday, the US Dollar Index (DXY) continued its decline toward the 104.15 area mainly due to the Institute of Supply Management (ISM) PMI report for May.