On Friday, U.S. markets were closed in observance of Independence Day.

European stocks were broadly lower. The Stoxx Europe 600 Index sank 0.78%. Germany’s DAX 30 declined 0.64%, France’s CAC 40 fell 0.84%, and the U.K.’s FTSE 100 was down 1.33%.

Spot gold price remained firm at $1,775 an ounce.

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Brent crude oil futures (September) settled 1.0% lower at $42.73 a barrel.

On the forex front, the ICE U.S. Dollar Index fell 0.2% on day to 97.17.

EUR/USD gained 0.1% to 1.1249. The eurozone’s May retail sales (+15.0% on month expected) and German factory orders for May (+15.4% on month expected) will be reported later in the day.

GBP/USD edge up 0.1% to 1.2485. Later today, the Markit U.K. Construction PMI for June will be released (46.0 expected).

USD/JPY was flat at 107.51.

USD/CAD slipped 0.1% to 1.3547. The Bank of Canada’s Overall Business Outlook Index for the second quarter will be reported later today (-0.7 in the first quarter).

Other commodity-linked currencies were broadly higher against the greenback. AUD/USD climbed 0.3% to 0.6942 and NZD/USD advanced 0.4% to 0.6535, both up for a fourth straight session. China’s Caixin Services PMI rose to 58.4 in June (53.2 expected) from 55.0 in May.

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DISCLAIMER: The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase of sale of any currency. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.

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