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6 Jun 2023

EUR/USD may trade well within a 1.0680-1.0780 range into tomorrow's BoC meeting – ING

Economists at ING analyze EUR/USD outlook.

May be too early to expect EUR/USD to add to yesterday's gains

With US two-year yields holding onto around three-quarters of their rise since Friday's jobs report, it may be too early to expect EUR/USD to add to yesterday's gains.

EUR/USD may trade well within a 1.0680-1.0780 range into tomorrow's Bank of Canada meeting. It may also take its cue from this week's China data, including May trade data released tomorrow and aggregate financing data later in the week.

 

Jun 6, 2023

WTI plunges to near $70.50 amid gloomy outlook as hopes for global recession escalate

West Texas Intermediate (WTI), futures on NYMEX, have witnessed an intense sell-off in the European session. The oil price has shown a vertical declin
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Jun 6, 2023

United Kingdom S&P Global Construction PMI above expectations (51.1) in May: Actual (51.6)

United Kingdom S&P Global Construction PMI above expectations (51.1) in May: Actual (51.6)
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