GBP/USD reaches out for 1.2100 as Dollar trips again ahead of US PMI

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GBP/USD reaches out for 1.2100 as Dollar trips again ahead of US PMI
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GBP/USD reaches out for 1.2100 as Dollar trips again ahead of US PMI GBPUSD Currencies DollarIndex Technical Analysis PMI

The EUR/USD pair has sensed buying interest after dropping to near 1.0650 in the Asian session. The major currency pair has recovered as the rebound move in the US Dollar Index has faded. Broadly, the major is displaying a sideways auction profile as investors are awaiting the release of the Eurozone Harmonized Index of Consumer Prices data for fresh impetus.USD/JPY is under intense selling pressure near the 130.00 level, having hit fresh six-month lows at 129.82 in the last hour.

Gold price is flirting with seven-month highs above $1,840 so far this Tuesday. Gold price is seeing a continuation of the recent uptrend at the start of 2023, as the bounce in the US Dollar fades amid a fresh USD/JPY sell-off. Lido DAO boomed over the last 24 months and placed itself among the top five Decentralized Finance protocols. However, over the last 24 hours, the Decentralized Application managed to claim the top spot as the total value locked on the protocol reached $5.

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