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AUD/USD holds below 0.6400 amid signs of easing US-China tensions
The AUD/USD pair trades in negative territory near 0.6390 during the early Asian session on Monday. The US Dollar edges higher against the Aussie amid signs of easing US-China tensions. China will hold a press conference about policies and measures on stabilizing employment and ensuring stable growth on Monday, which will be closely watched by traders.
EUR/USD: Inflation, growth and employment coming up next
The EUR/USD pair soared to 1.1573, its highest since November 2021, but shed over 300 pips ahead of the weekly close, ending it up with modest losses. The US Dollar was sold off throughout the first half of the week amid panic about the future of the American economy following the latest White House developments.
Gold: Correction from record highs deepens on easing US-China trade tensions
Gold corrected sharply after setting a new record high at $3,500. Growing optimism about a de-escalation of the US-China trade conflict caused traders to lose interest in Gold. Employment and growth data from the US will be watched closely by market participants.
Week ahead: US GDP, inflation and jobs in focus amid tariff mess
Barrage of US data to shed light on US economy as tariff war heats up. GDP, PCE inflation and nonfarm payrolls reports to headline the week. Bank of Japan to hold rates but may downgrade growth outlook. Eurozone and Australian CPI also on the agenda, Canadians go to the polls.
Week ahead: US GDP, inflation and jobs in focus amid tariff mess – BoJ meets
Barrage of US data to shed light on US economy as tariff war heats up. GDP, PCE inflation and nonfarm payrolls reports to headline the week. Bank of Japan to hold rates but may downgrade growth outlook. Eurozone and Australian CPI also on the agenda, Canadians go to the polls.
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