Back to square one for the Euro, which erased its previous day's gains (with -0.3% to 1.0700) against a Dollar which recovered 0.25% to 105.7.

The Dollar remains unchanged against the Yen, which is doing its utmost (probably thanks to BoJ support) not to breach the historic 160 level, stabilizing at 159.75.
The 'cable' ($/£) remains stuck at 1.2680, while the Swiss Franc is down -0.25% at 0.8945/$.

Forex traders remain cautious ahead of Thursday evening's Biden/Trump debate and Friday's release of the PCE price index, a measure of inflation particularly closely watched by the Fed.

On the stats front, US consumer confidence worsened in June, but to a slightly lesser extent than expected, according to the index published on Tuesday by the Conference Board.

The index for the month just ended stands at 100.4, whereas economists were expecting it to reach 100. The index for May was revised downwards, to 101.3 from 102.

The sub-index of consumer sentiment on the present situation rose to 141.5 from 140.8 the previous month, but the sub-index on the future situation fell to 73 from 74.9 in May.

According to the ConfBoard, the strength of the labor market is offsetting household concerns about the future for the time being.


Copyright (c) 2024 CercleFinance.com. All rights reserved.