EUR/USD retreats from fortnight high near 1.0600 on recession/inflation fears, ECBSpeak eyed By anilpanchal7 EURUSD RiskAppetite Fed ECB Recession
’s Asian session. That said, the major currency pair remains pressured around 1.0585 by the press time, after reversing from a fortnight top before a few hours.
Russia rejects default on paying external debt by saying Euroclear not accepting Russia’s euro bond transaction 'is not our problem'. “Russian gold andreserves are blocked unlawfully. Russia made payment on euro bond coupons in May,” adds Kremlin in a statement. Elsewhere, US Durable Goods Orders rose to 0.7% in May, versus 0.1% expected and 0.4% prior. That said, the widely tracked Nondefense Capital Goods Orders ex Aircraft also cross 0.3% market forecasts and previous readings to increase by 0.5% during the stated month. Further, the US Pending Home Sales also surprised the USD bulls with 0.7% MoM figures for May versus -3.7% expected and -4.0% prior. The YoY figures, however, came in negative to -13.6% versus -9.8% prior.
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