Forex Today: US Dollar retreats as focus shifts to debt ceiling talks – by eren_fxstreet Majors Currencies Macroeconomics Commodities CryptoCurrencies
The US Dollar stays on the back foot to start the new week as market participants stay focused on headlines surrounding the debt limit negotiations in the US. In the European session, Germany's Bundesbank will release its monthly report and Eurostat will publish the preliminary Consumer Confidence Index data for May.
Following his phone call with House Republican Speaker Kevin McCarthy on Sunday, US President Joe Biden said that the conversation went well and added that they will speak again on Monday. Meanwhile, US Treasury Secretary Janet Yellen said over the weekend that June 1 is the "hard deadline" to raise the debt ceiling.touched its lowest level since late March at 1.0760 on Friday but managed to stage a technical correction ahead of the weekend.
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