US Treasury Department

GBP/USD has climbed to its highest level since May 11, supported by a weaker US dollar, softer long-end Treasury yields, and firmer UK inflation data. Technical traders are watching 1.3658 as the key confirmation level for a possible push toward 1.3700.

EUR/USD pushed to 1.1676, its highest level since May, as the US dollar weakened and bond yields cooled after Treasury intervention. Traders are watching ECB minutes, inflation trends and the 1.1600 support zone as the pair attempts to extend its bullish breakout.