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The Pound Sterling (GBP) demonstrates strength in Monday’s European session as the Bank of England (BoE) is expected to hold interest rates at their current level for a longer period.
The AUD/USD pair consolidates in a narrow range after a sharp rally to near 0.6550 in Monday’s late European session.
Gold price (XAU/USD) continues its winning spell for the third session in a row on Monday despite waning expectations of rate cuts by the Federal Reserve (Fed) before the June monetary policy meeting.
The Australian Dollar (AUD) attempts to halt its gains registered in the last two sessions as the US Dollar (USD) could gain ground on improved Treasury yields.
The Indian rupee (INR) strengthened on Friday as the US dollar (USD) softened.