For the past few days, as the shock from the Brexit results has calmed, the Euro regains strength against the US Dollar and other currencies. Although, the UK referendum has created more issues than solutions,
Activity in the US services sector remained tepid in June, suggesting that the economy's underlying rate of growth remains lowly and that a rate hike may not be on the cards too soon.
As reported by the US Census Bureau, there were 1.164 million constructions of residential buildings The UK Public Sector Net Borrowing figure improved with the latest release, which showed that the borrowing was at £9.7 billion in May, beating the £9.35bn forecast.
The bullion surged on the publishing of the UK Referendum on the EU membership, as the results came in at 51.9% for leave. Due to that, investors and traders flocked to safe investments, as gold gained strength.
For the past few days, as the shock from the Brexit results has calmed, the Euro regains strength against the US Dollar and other currencies.
Activity in the US services sector remained tepid in June, suggesting that the economy's underlying rate of growth remains lowly and that a rate hike may not be on the cards too soon.
The bullion surged on the publishing of the UK Referendum on the EU membership, as the results came in at 51.9% for leave. Due to that, investors and traders flocked to safe investments
The Euro fell against the US Dollar after the results of the UK Referendum on remaining in the European Union were released. However, the currency pair has been recovering since the start of Monday's trading session
As reported by the US Census Bureau, there were 1.164 million constructions of residential buildings The UK Public Sector Net Borrowing figure improved with the latest release, which showed that the borrowing was at £9.7 billion in May, beating the £9.35bn forecast.
The bullion surged on the publishing of the UK Referendum on the EU membership, as the results came in at 51.9% for leave. Due to that, investors and traders flocked to safe investments, as gold and the Japanese Yen gained strength.
The Euro fell against the US Dollar after the results of the UK Referendum on remaining in the European Union were released. However, the currency pair has been recovering since the start of Monday's trading session
On Friday the US Durable and Core Durable Goods Orders were released, both failing to meet expectations. The Durable Goods Orders dropped 2.2% in May, while the forecast stood at a 0.5% decline. At the same time, the April's reading was revised down from 3.4% to 3.3%, contributing to the negative effect the actual weak reading had.
As reported by the US Census Bureau, there were 1.164 million constructions of residential buildings The UK Public Sector Net Borrowing figure improved with the latest release, which showed that the borrowing was at £9.7 billion in May, beating the £9.35bn forecast.
The news that citizens of the United Kingdom are willing to leave the European Union did not bode well for the Euro - the difference between the highest and lowest price today amounted to minus 4.5%.
The number of people applying first-time unemployment benefits in the US fell from 277,000 to 259,000, gradually beating the 277,000 forecast, as reported by the Department of Labor.
As reported by the US Census Bureau, there were 1.164 million constructions of residential buildings The UK Public Sector Net Borrowing figure improved with the latest release, which showed that the borrowing was at £9.7 billion in May, beating the £9.35bn forecast.
At its highest point gold was 8.2% more expensive today than the yesterday's close.
Demand for safer assets appears to be building up, as during the last nine hours the precious metal has already negated yesterday's 0.5% decline.
On the second day of the Federal Reserve Governor's testimony on Wednesday, Janet Yellen stated that a number of risks for the US economy is still present, thus, the Fed is taking a cautious approach to the monetary policy and the interest rate hike this year in general.
As reported by the US Census Bureau, there were 1.164 million constructions of residential buildings The UK Public Sector Net Borrowing figure improved with the latest release, which showed that the borrowing was at £9.7 billion in May, beating the £9.35bn forecast.
The Euro is currently extending its yesterday's 0.7% against the US Dollar, even though the data that is currently coming out is mixed.
The American Dollar managed to post gains across the board, with the only exception being the NZD/USD currency pair yesterday.
The Sterling's bullish momentum was mostly reversed on Tuesday, with the UK currency sustaining losses against most major peers.
After the major surge of commodities on Monday morning, the resources started to lose value, and most of them continue the trend on Wednesday.