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EUR/USD stays below 1.1000 after EU inflation data
EUR/USD came under renewed bearish pressure and broke below 1.1000 on Tuesday after the ECB’s Bank Lending Survey unveiled the negative impact of high interest rates on financing conditions. Meanwhile, annual core HICP in the Eurozone edged lower to 5.6% in April from 5.7%.
Gold rebound appears elusive, $1,990 and $1,998 eyed
Gold price portrays the market’s cautious optimism while posting mild gains near $1,985 as traders await the key central bank events amid full markets’ return on Tuesday. US Dollar’s retreat due to the looming default fears adds strength to the XAU/USD’s rebound.
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