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May 26, 2021 20:11 GMTFXStreet News
GBP/USD edges lower during the American trading hours.
US Dollar Index extends recovery beyond 90.00 on Wednesday.
Investors await Thursday’s key data releases from the US.
The renewed USD strength in the second half of the day forced the GBP/USD pair to turn south and dragged it toward the lower limit of its weekly range. As of writing, the pair was down 0.25% on the day at 1.4115.
DXY rebound continues
In the absence of high-tier macroeconomic data releases, a more-than-1% increase seen in the benchmark 10-year US Treasury bond yield seems to be helping the greenback outperform its rivals. The US Dollar Index, which closed the first two trading days of the week in the negative territory, is currently up 0.47% on the day at 90.10.
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