Here is what you need to know on Monday, July 22: The US Dollar (USD) struggles to find demand at the beginning of the week, while US stock index futures trade in positive territory.
Here is what you need to know on Monday, July 22: The US Dollar struggles to find demand at the beginning of the week, while US stock index futures trade in positive territory. Federal Reserve Bank of Chicago's National Activity Index for June will be the only data featured in the US economic calendar on Monday.
USD/JPY came under heavy bearish pressure in the late Asian session on Monday and dropped toward 156.00. Although the pair managed to erase a small portion of its losses, it was last seen losing still more than 0.5% on the day near 156.60. After setting a new all-time high on Tuesday, Gold reversed its direction in the second half of the previous week and extended its decline on Friday, losing nearly 2% on the day. XAU/USD, however, ended the week slightly above the critical level of $2,400.
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