(11 JUNE 2020)DAILY MARKET BRIEF 2:WTI crude remained below $40

<p>The US dollar index jumped in Asia after hitting the 96-support, as the US 10-year yield retreated to 0.70% on the back of a swift move to safety. The USDJPY slumped below 107.00, as the Swiss franc traded at its strongest level since March as investors moved capital towards safe-haven currencies. Gold remained bid above $1700 per oz, but the upside potential remained limited as investors demand more evidence of a sizeable market rout to carry the gold rally toward the $1800 mark. WTI crude remained offered below $40 per barrel on rising anxiety of a renewed surge in Covid-19 cases and the unexpected rise in US oil inventories last week. The EURUSD advanced to 1.1422 on Wednesday, but an important deterioration in global risk sentiment may rise the USD appetite and hinder the euro’s rally near the 1.15 mark. Today’s Eurogroup meeting will give an opportunity to European nations to express their view on the European Council’s latest proposal of 750-billion-euro recovery plan. While ther</p>