NEWS | 05/07/2025 08:01:30 GMT
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By FXStreet Team
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Editors’ Picks
EUR/USD remains weak near 1.1350, eyes on Fed
EUR/USD maintains its offered stance near 1.1350 on Tuesday, following a mild bounce in the US Dollar in response to confirmation of the first official US-China trade talks this weekend. A broadly cautious tone ahead of the Federal Reserve’s policy decision still keeps the pair within a narrow range.
GBP/USD eases to 1.3350 on firm Dollar ahead of FOMC
GBP/USD now faces extra selling pressure and recedes to the 1.3350-1.3340 band on Wednesday. Cable’s bearish performance comes as the Greenback finds modest support, underpinned by improving risk sentiment tied to optimism over upcoming US-China trade talks.
Gold remains sidelined below $3,400 prior to Fed, Powell
Gold gives away part of its recent strong gains on Wednesday, slipping back below the $3,400 mark as confirmation of upcoming US-China trade talks dampens safe-haven demand. Caution ahead of the Federal Reserve’s rate decision later in the day also kept buyers on the sidelines.
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