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Editors’ Picks
EUR/USD sticks to daily gains near 1.1740
EUR/USD maintains its bull run well in place on Tuesday, up for the third consecutive day ahead of the opening bell in Asia. The pair manages to revisit the 1.1750 zone amid persistent decline in the US Dollar ahead of key data releases on both sides of the ocean on Wednesday.
Gold remains bid near $3,850
Gold is now navigating the $3,850 region per troy ounce as the NA session draws to a close on Tuesday. The extra advance in the precious metal comes in response to increasing selling bias in the US Dollar, diminishing US yields across the curve and reignited concerns around the US government shutdown.
GBP/USD treads water near 1.3450
GBP/USD now seems to have embarked on a consolidative theme around the 1.3450 zone against the backdrop of the steady downside pressure hurting the Greenback. Other than the offered stance in the US Dollar, Cable is also deriving strength from earlier hawkish remarks from MPC member C. Mann.
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