Asia Morning: U.S. Dollar Slips, Gold Firm

,

On Friday, U.S. markets were closed in observance of Independence Day...Spot gold price remained firm at $1,775 an ounce....

Trading floor 2

On Friday, U.S. markets were closed in observance of Independence Day.

European stocks were broadly lower. The Stoxx Europe 600 Index sank 0.78%. Germany's DAX 30 declined 0.64%, France's CAC 40 fell 0.84%, and the U.K.'s FTSE 100 was down 1.33%.

Spot gold price remained firm at $1,775 an ounce.

Source: GAIN Capital, TradingView


Brent crude oil futures (September) settled 1.0% lower at $42.73 a barrel.

On the forex front, the ICE U.S. Dollar Index fell 0.2% on day to 97.17.

EUR/USD gained 0.1% to 1.1249. The eurozone's May retail sales (+15.0% on month expected) and German factory orders for May (+15.4% on month expected) will be reported later in the day.

GBP/USD edge up 0.1% to 1.2485. Later today, the Markit U.K. Construction PMI for June will be released (46.0 expected).

USD/JPY was flat at 107.51.

USD/CAD slipped 0.1% to 1.3547. The Bank of Canada's Overall Business Outlook Index for the second quarter will be reported later today (-0.7 in the first quarter).

Other commodity-linked currencies were broadly higher against the greenback. AUD/USD climbed 0.3% to 0.6942 and NZD/USD advanced 0.4% to 0.6535, both up for a fourth straight session. China's Caixin Services PMI rose to 58.4 in June (53.2 expected) from 55.0 in May.


More from Commodities

From time to time, GAIN Capital Australia Pty Ltd (“we”, “our”) website may contain links to other sites and/or resources provided by third parties. These links and/or resources are provided for your information only and we have no control over the contents of those materials, and in no way endorse their content. Any analysis, opinion, commentary or research-based material on our website is for information and educational purposes only and is not, in any circumstances, intended to be an offer, recommendation or solicitation to buy or sell. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. No representation or warranty is made, express or implied, that the materials on our website are complete or accurate. We are not under any obligation to update any such material.

As such, we (and/or our associated companies) will not be responsible or liable for any loss or damage incurred by you or any third party arising out of, or in connection with, any use of the information on our website (other than with regards to any duty or liability that we are unable to limit or exclude by law or under the applicable regulatory system) and any such liability is hereby expressly disclaimed.