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GBP/USD: Fundamentals point to cable paring some of its gains

5/28/2021 9:28:31 AM GMT | By FXStreet Insights Team GBP/USD is trading close to 1.42 as the pound has been benefiting from hints of a Bank of England rate hike. Notwithstanding, FXStreet’s Analyst Yohay Elam explains why BoE’s bullishness is set to be insufficient to stop the dollar. Data-driven dollar strength and end-of-month flows may tilt the balance toward the dollar “According to the New York Times, US President Joe Biden will unveil a large $6 trillion budget – on top of his ambitious infrastructure plans. The news sent investors away from US debt, lifting Treasury yields and making the dollar more attractive.” 

When is the US PCE inflation data and how could it affect EUR/USD?

S&P 500 Futures: Cautious sentiment test three-day run-up ahead of key US catalysts

5/28/2021 2:24:05 AM GMT | By Anil Panchal S&P 500 Futures struggle to extend gains, wobble around intraday top. US President Biden’s budget proposal, Yellen’s favor to Fed back risk-on mood. Japan’s extension to virus-led emergencies and Victoria’s lockdown mostly ignored. US PCE inflation data, budget release will be the key. S&P 500 Futures stay firmer around 4,215, up 0.38% intraday, during early Friday. In doing so, the risk barometer cheers the hopes of further stimulus and fading inflation fears amid a quiet Asian session. However, cautious sentiment before US budget release and Core Personal Consumption Expenditure (PCE) Price Index for April probe the bulls.

USD/INR Price News: Indian rupee refreshes two-month top around 72 50 amid cautious markets

USD/INR Price News: Indian rupee refreshes two-month top around 72 50 amid cautious markets
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