UK Economy Bounces Back: GDP Growth Gives Pound a Boost
The euro maintained over $1.10, close to its seven-month high the day before, supported by data suggesting decreasing U.S. inflation, which bolstered predictions of a Fed rate drop next month.
Week dollar
XAUSD: Geopolitical Risks Boost Gold Price, US Inflation Data in Focus
Gold prices (XAU/USD) saw some dip-buying near the $2,424 level on Monday, continuing the upward momentum from last week’s rebound, which was supported by the 50-day Simple Moving Average (SMA).