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Gold Price Analysis: XAU/USD remains confined in a range below multi-month tops forexcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forexcrunch.com Daily Mail and Mail on Sunday newspapers.
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US Federal Reserve officials’ comments remain centered on rising inflation.
Lower US government bond yields weighed on the American currency.
EUR/USD is neutral-to-bullish in the near-term, comfortable above 1.2200.
The financial world started the week cautiously, with the greenback ending the day lower against most major rivals. The EUR/USD pair hit an intraday high of 1.2229 at the beginning of the American session, from where it pulled down to the current 1.2210 price zone. A holiday in Europe and Canada kept major pairs inside limited intraday ranges, while the greenback fell alongside US government bond yields.
The macroeconomic calendar had nothing to offer. The EU did not publish macroeconomic figures, while the US released the April Chicago Fed National Activity Index, which printed at 0.24, down from the previous 1.71. Federal Reserve officials were in the wires, and comments Governor Lael Brainard outstand. Among other things, he noted that the US econom
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NEW YORK U.S. stocks climbed on Monday, with both the S&P 500 and Nasdaq rallying more than 1% as a pullback in U.S. Treasury yields helped lift expensive stocks in sectors such as technology as investors attempt to gauge the path of inflation.
Among the 11 major S&P sectors, technology advanced about 2% as the best performing on the session, as yields on the benchmark 10-year Treasury bond hit a two-week low.
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May 24, 2021 21:46 GMTFXStreet News
What you need to know on Tuesday, May 25:
The week started in slow motion, but the greenback remained the weakest currency across the FX board. It started the day advancing modestly, but demand faded as the day went by, as US government bond yields edged lower. The yield on the 10-year US Treasury note bottomed at 1.59% and settled at 1.60%.
Federal Reserve officials were in the wires, and comments Governor Lael Brainard outstand. Among other things, he noted that the US economy is in the middle of an unprecedented economic rebound and that some bottlenecks on the supply chain contribute to inflation. He added that