US GDP Release and Potential Impact on the Dollar Index
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#e07cbe84 ver:0.34

The forex markets turned quieter in Asian session today with minimal movements. Dollar is consolidating this week’s strong gain but there is no sign of extended pullback for now. Sterling remains steady as investors await UK GDP data. Money markets have significantly trimmed their expectations for BoE rate cuts this year, reducing the projected total easing to just 49 bps, the lowest since October. Overall in the currency markets, Dollar is currently the strongest one, with Kiwi a distant second, and then Sterling. Euro is the worst performer, followed by Yen and then Swiss Franc. Gold surged to a new record high in the Asian session, driven by safe-haven flows and concerns about inflation risks. The surge in gold is also fueled by geopolitical tensions. In terms of technical analysis, the...

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