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EUR/USD declines toward 1.0600 amid risk aversion
EUR/USD has lost its traction and declined toward 1.0600 on Friday after having recovered toward 1.0650 with the initial reaction to dismal US PMI data. The negative shift witnessed in risk mood helps the US Dollar gather strength and weighs on the pair.
Gold holds near $1,790 after dismal US PMI data
Gold price edged lower after having climbed above $1,790 earlier in the session but remains on track to close the day in positive territory. The benchmark 10-year US Treasury bond yield holds above 3.5%, making it difficult for XAU/USD to gather bullish momentum.
