Created
: 2025.06.03
2025.06.03 04:10
The US Dollar (USD) faced increasing selling pressure in quite a negative start to the new trading week, slipping back to multi-week troughs amid the resurgence of trade concerns and jitters over the health of the US economy.
The US Dollar Index (DXY) retreated to the sub-99.00 region to reach new seven-week lows amid marginal gains in US yields across the curve and despite fresh risk aversion. The JOLTs Job Openings will be released seconded by Factory Orders. In addition, the Fed's Logan and Goolsbee are due to speak.
EUR/USD reclaimed once again the 1.1400 barrier and well beyond in response to the intense sell-off in the US Dollar. The preliminary Inflation Rate in the euro area will take centre stage on the domestic calendar followed by the Unemployment Rate in the whole bloc.
GBP/USD rose to four-day highs, revisiting the 1.3560 zone following heightened weakness around the Greenback. In the UK, the final S&P Global Services PMI is due on June 4.
Further appreciation of the Japanese Yen prompted USD/JPY to recede to multi-day lows and retest the mid-142.00s area on Monday. Next on tap in Japan will be the final Jibun Bank Services PMIs on June 4.
AUD/USD rebounded sharply and came just pips short of the key barrier at 0.6500 the figure, hitting fresh five-day highs. The RBA will publish its Minutes from its May gathering, along with Business Inventories and Q1 Current Account results.
WTI prices jumped to fresh two-week highs near the $64.00 mark following news that the OPEC+ kept output hikes unchanged, rising its production by the expected 411 kbpd in July.
Geopolitics and trade uncertainty lent extra wings to Gold, sending the precious metal to new four-week peaks near $3,380 mark per troy ounce. Silver prices rallied well north of the $34.00 mark per ounce for the first time since October 2024.
Created
: 2025.06.03
Last updated
: 2025.06.03
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy