Pompeo to visit Japan, S. Korea on denuclearization in late June - Xinhua

Dhwani Mehta FXStreet

The US State Department announced late-Monday that the US Secretary of State Mike Pompeo will visit Japan and South Korea in late June to discuss denuclearization of the Korean Peninsula, as reported by Xinhua.

Key Details:

“Pompeo would join U.S. President Donald Trump to meet with Japanese Prime Minister Shinzo Abe on the sidelines of the Group of 20 (G20) Summit slated for June 28-29 in Osaka, Japan.

Following the G20 Summit, Pompeo would accompany Trump to visit South Korea, where they will meet with South Korean President Moon Jae-in on issues of denuclearization and bilateral alliance.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

EUR/USD: Gains remain capped by 1.1650

EUR/USD remains in recovery-mode following the closing bell in Euroland on Wednesday, hovering around the 1.1650 zone amid renewed downside pressure on the US Dollar and a marginal improvement in the global sentiment.

GBP/USD appears bid around 1.3370

GBP/USD reverses part of its recent multi-day decline, gathering some balance and managing to reach the 1.3400 region, where some initial resistance seems to have turned up. Cable’s uptick comes in response to some loss of momentum in the Greenback despite the geopolitical scenario remaining fragile.

Gold struggles to surpass $5,200

Gold keeps its daily gains well in place, although a break above the $5,200 mark per troy ounce still remains elusive on Wednesday. The yellow metal’s rebound comes in response to the persistent flight-to-safety amid intense geopolitical tensions in the Middle East and the bearish performance of the US Dollar.