NEWS | 05/06/2025 14:08:20 GMT
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By FXStreet Team
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Editors’ Picks
EUR/USD maintains the bid bias below 1.1350
EUR/USD extended its weekly advance on Tuesday but struggled to clear resistance around the 1.1350 level, even as the US Dollar remained broadly under pressure. The pair’s upward momentum appears to be stalling ahead of Wednesday’s key Federal Reserve policy announcement.
GBP/USD trims gains, slips back to 1.3360
The British pound continued to climb on Tuesday, tracking gains across risk-sensitive currencies, as GBP/USD briefly tested the key 1.3400 level amid broad-based US Dollar weakness. Focus now turns to Thursday’s Bank of England meeting, where policymakers are widely expected to deliver a 25 basis point rate cut.
Gold advances past the $3,400 mark
Gold climbed for a second consecutive session on Tuesday, reclaming the $3,400 mark per troy ounce, or two-week highs, as intensifying geopolitical tensions—particularly in the Middle East—continued to bolster demand for safe-haven assets.
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