Here is what you need to know on Tuesday, July 7: The American dollar was the worst performer at the beginning of the week, undermined by risk-appetite. Chinese stocks led the way higher, amid local authorities pushing a bullish market, optimistic about an economic comeback. US services output beat the market’s expectations, further fueling the appetite for risk. The EUR/USD pair hit a fresh multi-week high of 1.1345, unable to extend gains but holding above the 1.1300 level at the end of the day. The Pound, on the other hand, was a lager, ending the day unchanged against the greenback just below the 1.2500 figure. U’s chief negotiator Michel Barnier arrived in London for another round of face-to-face talks. No progress has been reported, and the market has little hopes on the matter being solved soon. US Treasury yields run on the back of upbeat services data, but trimmed gains ahead of the close, ending the day flat. The number of new coronavirus cases in the US seems to be decreasing. The country may well be passing the peak. Not yet confirmed, it may result in further dollar’s weakness and Wall Street reaching new all-time highs. Gold prices neared their recent multi-year highs, ending the day at $ 1,786 a troy ounce, while crude oil prices maintained the status-quo, with WTI settling around $40.00 a barrel. The Australian dollar was among the best performers, trading a few pips below the 0.7000 ahead of the RBA monetary policy meeting. Cryptocurrency Market News: Biggest crypto trading competition with a 200 Bitcoin prize pool to be launched by ByBit FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/JPY Price Analysis: The pair gets a reality check at 122.00 FX Street 3 years Here is what you need to know on Tuesday, July 7: The American dollar was the worst performer at the beginning of the week, undermined by risk-appetite. Chinese stocks led the way higher, amid local authorities pushing a bullish market, optimistic about an economic comeback. US services output beat the market’s expectations, further fueling the appetite for risk. The EUR/USD pair hit a fresh multi-week high of 1.1345, unable to extend gains but holding above the 1.1300 level at the end of the day. The Pound, on the other hand, was a lager, ending the day unchanged against the greenback… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.