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Editors’ Picks
EUR/USD clings to daily gains near 1.1670 ahead of FOMC Minutes
EUR/USD keeps its slightly bid bias on Wednesday, hovering around the 1.1670-1.1680 region amid decent losses in the Greenback. Meanwhile, investors continue to digest another attack by President Trump to the Federal Reserve, this time directed to Governor Lisa Cook, all ahead of the release of the FOMC Minutes.
GBP/USD looks fragile near 1.3460
GBP/USD remains on the back foot, unable to gather fresh upside impulse despite earlier hotter-than-expected UK inflation data seem to have kicked back expectations of further easing by the BoE, and renewed selling pressure on the US Dollar ahead of the FOMC Minutes.
Gold hits daily highs around $3,350
Gold now picks up pace and reaches the $3,350 zone per troy ounce, or two-day highs, on the back of the downside bias in the Greenback and the widespread move lower in US yields ahead of the FOMC Minutes and the Jackson Hole Symposium.
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