Here is what you need to know on Wednesday, June 26: Major currency pairs continue to fluctuate in familiar ranges as market participants refrain from taking large positions in the absence of fundamental drivers.
The US economic calendarwill feature New Home Sales data for May on Wednesday. Later in the American session, the US Treasury will hold a 5-year note auction. The US Dollar Index, which gauges the USD's valuation against a basket of six major currencies, registered small gains on Tuesday as the mixed action in Wall Street continued. The Dow Jones Industrial Average lost 0.76% on the day, while the Nasdaq Composite gained more than 1%.
00 in the early European session on Wednesday. In the early trading hours of the Asian session on Tuesday, May Retail Trade data from Japan will be looked upon for fresh impetus. Gold turned south and closed near $2,320 on Tuesday, erasing all of Monday's gains in the process. XAU/USD struggles to gain traction early Wednesday and fluctuates at around $2,315.
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