Forex Today: Delicate data release in China and Europe come to the fore

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The American dollar remained under pressure at the beginning of the New Trade Week, extending the last losses among lasting interest. The investor is now focusing on a series of key decisions of the Central Bank in the coming days, with the front and the Federal Reserve Center.

Here’s what you need to know on Tuesday, May 6:

The American dollar index (DXY) was reflected from everyday low and end the Monday session with modest losses near the key obstacle 100.00. The final balance of commercial data will be in the spotlight, supported by the weekly API report on American oil inventory.

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EUR/USD disappeared the initial course of the bull and on Monday it developed slightly around the region 1,1300. The final HCOB PMI services for Germany and the euro area will be released, as well as the prices of producers in the region.

GBP/USD managed to reverse four consecutive days of losses, once again fulfilling support in the team 1.3270-1.3260. Then the final PMI S&P Global Services will be in the calendar in Great Britain.

USD/JPy was added to the Friday withdrawal and returned to mid -143.00 years at the back of a gentle withdrawal in Greenback. The next version of the data in Japan will be the last PMI Jibun Bank services on May 7.

Aud/USD increased further and hesitated just before the key barrier of 0.6500, building on Friday. Permits for the construction and approval of a private house are next in the Australian document.

WTI prices have fallen further and approached the annual area of ​​the trough near $ 55.00 per barrel after news that OPEC+ plans to speed up its production cuts in June.

Gold prices have rapidly passed $ 3300 for the ounce of Troy or Maksima multi -day, at the back of sales pressure in Greenback, while constant sheltered demand also contributed to metal profits. Silver prices have reversed the course and postponed four daily declines in a row, finding the support of about USD 32.00 per ounce.

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