The #USD Index (#DXY) came under pressure and retreated from weekly highs past the 105.00 hurdle against the backdrop of declining #US yields. On May 31, all the attention will be on the release of inflation data tracked by the #PCE along with #Personal#Income and #Personal#Spending.
#EUR/USD briefly tested the 200-day #SMA around 1.0790 before staging a marked comeback to the area beyond 1.0800 the figure. The #EMU’s advanced Inflation #Rate and #Retail#Sales in #Germany will be at the centre of the debate on May 31.
#GBP/USD set aside two daily drops in a row and advanced further north of the 1.2700 barrier following the offered stance in the #Greenback. In the #UK, #Mortgage Approvals and #Mortgage Lending are due on May 31 along with #Nationwide#Housing#Prices.
Following a brief drop below 0.6600, #AUD/USD managed to regain balance and end the session with marked gains around the 0.6650 area. On May 31, #Housing#Credit is only due #Down#Under.
Prices of #Gold rose modestly on the back of the weaker #dollar and diminishing #US yields, briefly revisiting the $2,350 area per troy ounce.
#Silver, instead, accelerated their losses to three-day lows near the $31.00 mark per ounce.
Further gains lifted #EURUSD to four-day highs around 1.0870 amidst a renewed selling bias in the #US#Dollar.
Wholesale Prices in #Germany are due on May 28 along with the #ECB’s #Schnabel speech.
#GBP/USD accelerated its gains beyond the 1.2700 barrier and hit a new two-month tops following the weaker #Greenback. The #CBI Distributive Trades are expected on May 28.
Price action around #USD/JPY remained flat near the 157.00 hurdle following a solid performance of #JGB 10-year yields. There are no scheduled releases in “The Land of the Rising Sun” on May 28.
A solid session saw #AUD/USD advance to three-day highs near 0.6660 amidst the softer #Dollar and an improved tone in the commodity complex. Flash #Retail#Sales are next on tap in #Oz on May 28.
#Gold prices edged higher and surpassed the $2,350 mark per troy ounce, adding to Friday’s small uptick.
#Silver followed suit and rose markedly more than 4% to surpass the $31.00 mark per