Euro remained below parity against the greenback

33
EUR/USD ▶️
GBP/USD 🔽
AUD/USD 🔽
USD/CAD 🔼
XAU 🔼
WTI 🔼

Despite several attempts, the Euro met resistance and remained below parity, trading flat at 0.9965. Later today, the German and US Gross Domestic Product data will be available.

Meanwhile, GBP/USD fell to 1.1797 with fluctuations. China’s latest stimulus package didn’t do much to cheer the Aussie, AUD/USD dropped to 0.6906, and just climbed to 0.6941.

Recession fears kept underpinning the greenback, and to a lesser extent - gold. After retreating from 1.3018, USD/CAD closed lower at 1.2965, gold futures slowly ascended to $1,761.5 an ounce.

Without any breakthroughs in the Iranian Nuclear deal, oil supply stagnated and was spooked by possible cuts from Saudi Arabia. WTI oil futures seesawed from a low of $92.92 a barrel to recover at $94.89, the latest Crude Oil Inventories have decreased by over 3.2 million barrels, much high than market projections.

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