Canada Employment Insurance Beneficiaries Change (MoM) declined to -0.3% in May from previous 3.4%
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Editors’ Picks
EUR/USD recovers toward 1.1700 on renewed USD weakness
EUR/USD edges higher toward 1.1700 after closing in negative territory on Monday. The renewed US Dollar weakness on improving risk mood following the Trump-Zelenskyy meeting helps the pair hold its ground ahead of this week’s key events.
GBP/USD bounces back above 1.3500, focus shift to UK CPI data
GBP/USD clings to modest daily gains slightly above 1.3500 on Tuesday. The US Dollar struggles to build on Monday’s gains and supports the pair as traders digest the US-Ukraine peace talks. July inflation data from the UK, which will be released on Wednesday, could trigger the next big action in the pair.
Gold extends sideways grind below $3,350
Gold struggles to find direction and continues to move sideways below $3,350 after closing virtually unchanged on Monday. Easing geopolitical tensions don’t allow XAU/USD to gather recovery momentum even though the 10-year US Treasury bond yield retreats following a three-day rally.
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