- Ground floor, The South Bay Building, Rodney Bay, Gross-Islet Saint Lucia, P.O. box 838, Castries, Saint Lucia.
On a quiet day due to a holiday in the US, the US dollar posted mixed results. Commodity currencies were the top performers. Markets await new information, and volatility is set to pick up on Wednesday with the release of the FOMC minutes.
USD/JPY trades with minuscule losses amidst verbal intervention by Japanese authorities, as week as choppy trading, with traders in the United States (US) out for the US Independence Day holiday. The USD/JPY is exchanging hands at 144.48 after hitting a daily high of 144.70.
Gold price remains firm around $1920s, supported by falling US Treasury bond yields. Resilient US economic data justifies Fed’s tightening stance, but lower inflation numbers weigh on the greenback. Market awaits upcoming US economic data and FOMC meeting minutes for further direction on gold prices.