EU FX Handover: Dollar Slips
Fawad Razaqzada June 3, 2019 8:41 AM
A summary of news and snapshot of moves ahead of the US session.
- Sentiment remains subdued at the start of a busy week with NFP and interest rate decisions from the ECB and RBA, to come.
- Dollar has weakened on the first trading day of the new week and month, most notably against gold and silver with euro also making back some lost ground
- GBP has been held back amid Brexit concerns and after fresh manufacturing PMI data showed the sector unexpectedly contracted in May (49.4 vs. 52.5 expected and 53.1 last).
- Stock indices gapped sharply lower at the Asian open, although they have since bounced off their worst levels
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