From Investing.com: 2024-05-30 04:50:00

The US dollar is gaining strength against major counterparts, with the euro/dollar pair hitting a 2-week low due to higher Treasury yields. Stock indices and gold are trading lower amidst profit taking and Fed’s stance. Pound benefits from UK election campaigning, reaching highest level against euro since 2008. German inflation hits 5-month high, won’t deter ECB from rate cut next week. OPEC+ alliance set to meet virtually on Sunday, likely to agree on extending production cuts despite compliance concerns. Gold remains above $2,300 as price-sensitive buyers eye acquisitions.



Read more at Investing.com: US Dollar Rallies as Market Angst Spreads