Following Monday’s decline, EUR/USD reversed its direction and registered strong gains on Tuesday. The pair preserves its bullish momentum and trades in positive territory above 1.1700 in the European session on Wednesday.
GBP/USD gained traction and rose about 0.5% on Tuesday. The pair preserves its bullish momentum on Wednesday and trades at its highest level in three weeks above 1.3550.
The USD/CAD pair extends the previous day’s rejection slide from the 1.3800 mark and attracts some follow-through selling for the second straight day amid a bearish sentiment surrounding the US Dollar (USD).
Gold is finding it difficult to build on the previous rebound from weekly lows of $3,331 early Wednesday, as $3,350 appears to be a tough nut to crack for buyers.
The Euro (EUR) shook off its sluggish start to the week on Tuesday, with EUR/USD powering higher to multi-day peaks, coming within touching distance of the key 1.1700 mark.
Gold trades with a softer tone on Tuesday, falling to a fresh one-week low of $3,331.12 in the American session. The US Dollar (USD) gathered momentum following the release of United States (US) data, finding additional legs in political headlines.