12 June Economic News

The EUR/USD’s direction will be influenced by US inflation statistics, Federal Reserve’s verdict on interest rates, and European Central Bank’s declaration on monetary policy. The British Pound is demonstrating robustness and the Australian Dollar has a positive outlook. The gold market is delicately poised with potential outcomes. Crude oil prices are turning their focus towards the United States. Tesla’s partnership with GM led to a 4.5% increase in pre-market trading for US stocks. The US Dollar experienced a decline in anticipation of vital inflation data and the Federal Reserve’s monetary policy decision. The Australian dollar has gained support from the market and there is potential for further appreciation against the USD. The focus will be on upcoming events such as the US Consumer Price Index (CPI) and Federal Open Market Committee (FOMC) meetings.