The Canadian Dollar may give up gained ground in the near term, as coronavirus cases continue to remain elevated despite a marked pickup in vaccination rates.

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While USD/CNH has rebounded from a two-and-half year low, the Federal Reserve’s dovish-tilted policy guidance and the PBOC’s neutral stance suggest that the currency pair may lack significant upsid…

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The Australian Dollar was unphased by the RBA’s May interest rate decision and growth upgrade. AUD/USD’s focusremains on market sentiment as it appears to trade with a slight bullish undertone.

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Crude oil prices shrugged off some weakness on Wall Street, focusing on the EU lifting summer travel for vaccinated people and commentary from OPEC’s second-largest energy producer.

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Gold prices approach the psychologically imposing 1,800 level as Treasury yields and the US Dollar move lower with markets beginning to capitulate to a possible transitory inflation theme.

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