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USD/CAD drops to fresh daily low of 1 2270
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GBP/USD faces resistance near 1 3930, holds to modest weekly gains
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Futures At Record High Ahead Of Biggest Trading Event Of The Year As Russell Rebalances
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6/14/2021 5:11:55 AM GMT | By Yohay Elam
Here is what you need to know on Monday, June 14:
Markets are relatively calm on Monday as traders already have Wednesday s Fed decision in mind. US infrastructure talks seem stuck. Tesla s Musk lifted boosted Bitcoin while Britain is set to push back the reopening. Oil extends its upward march and gold consolidates its losses.
The US dollar has been edging higher, extending gains recorded on Friday. The University of Michigan s Consumer Sentiment Index beat expectations in June while its inflation component dropped. That somewhat contrasts the stronger-than-estimated Consumer Price Index figures published earlier.
While the calendar is relatively light on Monday, tensions are mounting toward Wednesday s