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Editors’ Picks
EUR/USD clings to daily gains around 1.1680 on US PCE
EUR/USD keeps its bid bias unchanged on Friday, gathering extra pace following the knee-jerk in the Greenback. The US Dollar loses further ground at the end of the week despite US inflation tracked by the PCE coming in on a firm tone in August.
GBP/USD bounces to 1.3380 post-PCE data
GBP/USD regains composure and reverses two consecutive daily pullbacks on Friday. Indeed, Cable’s recovery comes on the back of the slight selling bias hurting the US Dollar following the release of US PCE data.
Gold sticks to modest gains near $3,750
Gold adds to Thursday’s optimism around the $3,750 zone per troy ounce on Friday. The move higher in the precious metal comes in response to a tepid retracement in the US Dollar, declining US yields across the curve and sticky US PCE readings in August.
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