11.05. Fresh trading analysis: commodity currencies are up, dollar waits for the Fed's comments

Tuesday, May 11th, today’s news—markets are waiting for the release of US consumer price data on Wednesday to determine if inflationary pressure rises. Dollar edged higher in early European trade Tuesday, but gains were capped by the strength of commodity currencies on the back of rises in the prices of oil and base metals. The price of Brent oil is $67,61, WTI—$64.68, EUR/USD is at 1.2155, GBP/USD—1.4122, gold is $1.836,45 per ounce. Read the daily selection of analytical reviews from Grand Capital experts to navigate the market during a time of volatility.