Jun 3, 2021 17:18 GMTFXStreet News
EUR/USD continues to push lower in the American session.
Upbeat data releases from US help greenback outperform its rivals.
US Dollar Index extends rally to fresh multi-week highs near 90.50.
The EUR/USD pair came under strong bearish pressure during the American session on Thursday and touched its lowest level since May 17 at 1.2130. As of writing, the pair was down 0.6% on the day at 1.2135.
USD capitalizes on great US data
Following the key macroeconomic data releases from the US, the greenback gathered strength against its rivals and the US Dollar Index (DXY) reached a three-week high of 90.47. At the moment, the DXY is rising 0.61% on a daily basis at 90.45.
Gold finished the previous four weeks in the positive territory. Next target on the upside is located at $1,930. Gold Weekly Forecast: XAU/USD bulls not