NEWS | 05/07/2025 08:30:03 GMT
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By FXStreet Team
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Editors’ Picks
EUR/USD appears slightly offered near 1.1360 ahead of FOMC
EUR/USD remains range-bound around 1.1360 on Tuesday, lacking clear directional momentum. While the US Dollar finds modest support after confirmation of the first official US-China trade talks set for this weekend, a broadly cautious market tone ahead of the Federal Reserve’s policy announcement kept the pair in check.
GBP/USD hovers around 1.3360 prior to the Fed meeting
GBP/USD alternates gains with losses around 1.3360 on Wednesday, giving back part of its weekly gains amid a humble bearish pressure. Cable’s irresolute price action follows acceptable gains in the Greenback, which appear supported by improving risk sentiment on optimism surrounding upcoming US-China trade talks.
Gold gives away some gains, back around $3,400
Gold retreats markedly on Wednesday, putting the $3,400 mark to the test on confirmation that US-China trade talks will begin this weekend, tempering demand for the safe-haven asset. Rising prudence ahead of the Fed’s interest rate decision also kept buyers on the sidelines.
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