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EUR/USD turns positive above 1.0900 as focus shifts to US CPI
EUR/USD erases losses to turn positive above 1.0900 in the European session on Wednesday. The dust settles over the US-EU tariff war as traders shift thier focus toward the key US CPI inflation data due later at 12:30 GMT.
GBP/USD holds losses near 1.2950, US CPI awaited
GBP/USD remans offered near 1.2950 in Wednesday's European session, eroding part of the previous day's strong move up. Global tariff war keep traders on the edge, lifting the havem demand for the US Dollar at the expense of the risk-sensitive Pound Sterling. US CPI data awaited.
Gold price extends the range play as traders await US CPI for Fed rate-cut cues
Gold price struggles to build on the overnight move up, though the downside seems limited. A modest USD bounce from a multi-month low and a positive risk tone cap the precious metal. Trade war fears and Fed rate cut bets support the XAU/USD pair ahead of the US CPI report.
US CPI inflation data set to show inflation cooled slightly in February, keeping Fed in focus
The United States Bureau of Labor Statistics is set to publish the high-impact Consumer Price Index inflation report for February at 12:30 GMT. The CPI figures could notably impact the US Dollar and the Federal Reserve’s cautious monetary policy stance.
Gold price extends the range play as traders await US CPI for Fed rate-cut cues
Gold price struggles to build on the overnight move up, though the downside seems limited. A modest USD bounce from a multi-month low and a positive risk tone cap the precious metal. Trade war fears and Fed rate cut bets support the XAU/USD pair ahead of the US CPI report.
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