EURUSD, Monthly
It was a Merry old May for US dollar bulls as the Greenback accrued against its major competitors, the trade weighted USDIndex was up 2.5% closing at 93.93 last night. EURUSD fell over 360 pips, and is down over 2.7% year to date, Cable gave up over 460 pips and is down 1.8% year to date. Two of the three commodity currencies CAD and NZD also lost ground (118 pips and 37 pips respectively). The JPY , CHF and AUD all posted gains for the month but they were limited (53, 37 and 49 pips respectively). The USD is now up year to date against all of the majors, save the JPY where it is posting a 3% loss.
Of the emerging market currencies we monitor, year to date the USDTRY is +20%, the USDZAR is +2.5% , USDRUB is +7.8% and the USDCNH -1.55%.
Gold and Oil both had volatile months with Gold losing over $16.00 to close under $1,300 which leaves it flat year to date with more pressure to the downside. USOIL lost $1.45 to close at $67.10, but year to date is up over 10% from $60.60 and remains in a strong uptrend.
Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
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EUR/USD stays in daily range slightly below 1.0900
![EUR/USD stays in daily range slightly below 1.0900](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/EURUSD/MoneyEURUSD_3_XtraSmall.jpg)
EUR/USD continues to move up and down in a narrow band slightly below 1.0900 in the second half of the day on Monday. The modest improvement seen in risk mood makes it difficult for the US Dollar to find demand and helps the pair stay in range.
GBP/USD treads water above 1.2900 amid risk recovery
![GBP/USD treads water above 1.2900 amid risk recovery](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/GBPUSD/british-banknotes-14144912_XtraSmall.jpg)
GBP/USD is keeping its range play intact above 1.2900 in the American session on Monday. The positive shift seen in risk sentiment doesn't allow the US Dollar to gather strength and helps the pair hold its ground ahead of this week's key data releases.
Gold drops to fresh 10-day low below $2,390
![Gold drops to fresh 10-day low below $2,390](https://editorial.fxstreet.com/images/Markets/Commodities/Metals/Gold/stacks-of-gold-bars-19033163_XtraSmall.jpg)
Gold stays under persistent bearish pressure after breaking below the key $2,400 level and trades at its lowest level in over a week below $2,390. In the absence of fundamental drivers, technical developments seem to be causing XAU/USD to stretch lower.
Crypto Today: Bitcoin is less than 10% away from all-time high as Ethereum ETF approval anticipation brews
![Crypto Today: Bitcoin is less than 10% away from all-time high as Ethereum ETF approval anticipation brews](https://editorial.fxstreet.com/images/Markets/Currencies/Cryptocurrencies/Coins/Ripple/ripple_XtraSmall.jpg)
Bitcoin trades around $68,000 early on Monday, less than 10% away from its all-time high of $73,777 on Binance. Ethereum ETF anticipation brews among traders and Ether investment products see inflow of over $45 million in the past week.
Election volatility and tech earnings take centre stage
![Election volatility and tech earnings take centre stage](https://editorial.fxstreet.com/images/TechnicalAnalysis/Volatility/Bands%20(bollinger)/stock-market-graph-gm532464153-55981218_XtraSmall.jpg)
The US Dollar managed to end the week higher as Trump Trades ensued. Safe-havens CHF and JPY were also higher while activity currencies such as NOK and NZD underperformed.