Here is what you need to know on Thursday, June 27: The Japanese Yen (JPY) recovers slightly after falling to its weakest level since 1986 against the US Dollar (USD) on Wednesday.
Here is what you need to know on Thursday, June 27: The Japanese Yen recovers slightly after falling to its weakest level since 1986 against the US Dollar on Wednesday. The European Commission will release consumer and business sentiment data in the European session. The US economic docket will feature the final revision to the first-quarter Gross Domestic Product growth, weekly Initial Jobless Claims, Durable Goods Orders and Pending Home Sales data for May.
The index stays in a consolidation phase and fluctuates slightly below this level in the European morning on Thursday. In the meantime, US stock index futures trade in negative territory, while the benchmark 10-year US Treasury bond yield holds steady above 4.3% after rising nearly 2% on Wednesday. EUR/USD registered losses for the second straight day on Wednesday. Early Thursday, the pair rebounds modestly but remains slightly below 1.0700.
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