It's been a pretty empty session in terms of data releases and newsflow. The focus remains on tariffs and the US CPI tomorrow.
In the markets, the US Dollar remains relatively strong supported by the tariffs uncertainty and the US CPI risk ahead. US equities are down on the day with Treasury yields continuing to climb since last Friday.
Gold erased the overnight gains, while crude oil extended the rally above the 73$ handle as tariffs continue to provide support for prices.
We have Fed Chair Powell's Testimony at 15:00 PM GMT and although he's unlikely to say anything new, it will still be important to keep an eye on that for potential market moving comments.
This article was written by Giuseppe Dellamotta at www.forexlive.com. Read More Details
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