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EUR/USD stays below 1.0800 after US PMI data
EUR/USD continues to trade in negative territory below 1.0800 in the second half of the day on Tuesday. The mixed PMI data from the US failed to trigger a noticeable market reaction but the risk-averse market atmosphere provides a boost to the US Dollar.
GBP/USD rebounds from monthly lows, trades above 1.2400
GBP/USD has staged a rebound and climbed above 1.2400 after having touched its lowest level in a month near 1.2370. The negative opening in Wall Street helps the US Dollar hold its ground and limits the pair’s upside. The US PMI data showed an ongoing expansion in the private sector.
Gold recovers above $1,970 as US yields retreat
Gold price has gained traction and advanced above $1,970 in the American session, erasing all of its daily losses in the process. The benchmark 10-year US Treasury bond yield declined below 3.75% after mixed PMI data from the US, helping XAU/USD stretch higher.