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China Foreign Exchange Reserves (MoM) registered at $3.128T above expectations ($3.12T) in May

Forex Today: Dollar capitalizes on rising US yields ahead of mid-tier data

Here is what you need to know on Tuesday, June 7: With the benchmark 10-year US Treasury bond yield rising above 3% on Monday, the greenback gathered
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GBP/USD to extend its losses towards 1.55 and possibly the 2013 low around 1.52 – Scotiabank

GBP/CAD has dropped below support near 1.58. More softness lies ahead, economists at Scotiabank report. Additional weakness in GBP/CAD in the near-to-
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