NEWS | 04/29/2025 12:30:44 GMT
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By FXStreet Team
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Editors’ Picks
EUR/USD holds losses below 1.1400 on modest US Dollar recovery
EUR/USD struggles to gain traction and trades in negative territory slightly below 1.1400 on Tuesday. The Euro weakens amid rising expectations of further ECB interest rate cuts, while the US Dollar draws support from someprogress on US trade deals with its major global trading partners. US jobs data awaited.
GBP/USD retreats to 1.3400 area ahead of US data
GBP/USD reverses its direction and trades near 1.3400 after setting a multi-year high near 1.3450 earlier in the day. The US Dollar (USD) stays resilient against its rivals as markets remain optimistic about a de-escalation in the US-China trade conflict. Focus shifts to key macroeconomic data releases from the US.
Gold declines toward $3,300 on improving risk mood
Gold fails to build on Monday’s modest gains and declines toward $3,300 on Tuesday amid mixed fundamental cues. Signs of easing US-China trade tensions continue to drive flows away from traditional safe-haven assets and undermine demand for the precious metal.
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