Here is what you need to know on Monday, June 10: The US Dollar (USD) preserves its strength, while the Euro struggles to find demand at the beginning of the week as markets assess the preliminary results of the European Parliament election.
Here is what you need to know on Monday, June 10: The US Dollar preserves its strength, while the Euro struggles to find demandat the beginning of the week as markets assess the preliminary results of the European Parliament election. Sentix Investor Confidence for June will be the only data featured in the European economic docket on Monday.
In the meantime, the Euro is struggling to hold its ground against its rivals, with EUR/USD trading deep in negative territory slightly above 1.0750. EUR/USD declines to one-month low amid Eurozone's political uncertainty. After falling sharply on Friday, GBP/USD holds steady above 1.2700 in the European morning. The UK's Office for National Statistics will release employment data on Tuesday. USD/JPY gained more than 0.
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