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2024-06-20 03:01:47

GBP/USD Hits 2024 Lows as Traders Continue to Sell Rallies on Nostr: US Dollar Dips Slightly Against Yen; Sterling Holds Ground Ahead of BoE Decision ...

US Dollar Dips Slightly Against Yen; Sterling Holds Ground Ahead of BoE Decision
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#15296a3b ver:0.97

The US dollar dipped slightly against the yen, while sterling held its ground ahead of the Bank of England decision. Soft retail sales data reinforced expectations of rate cuts by the Federal Reserve, causing the dollar to weaken against the euro and sterling. The euro remained weighed down by political concerns in France. The Australian dollar remained stable, while the New Zealand dollar rose. The yen was little changed against the dollar. Market expectations of rate cuts in the US and UK fluctuated based on economic data. Gold prices edged up, while oil prices dipped. European shares ended lower, while UK stocks were buoyed by metal miners. The focus is now on central bank decisions in Switzerland and Norway. The European Commission proposed disciplinary steps against France and other EU countries over excessive budget deficits. #USD #GBP #EUR #AUD #NZD #JPY #BoE #Fed #gold #oil #stocks...

#newstr #UsDollar #Yen #Sterling #BoeDecision

https://here.news/story/15296a3b?ver=0.97
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