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EUR/USD eases below 1.0850 on renewed USD strength

EUR/USD eases below 1.0850 on renewed USD strength

EUR/USD stays under pressure and trades in the red below 1.0850 in the European session. Although the ZEW survey for Germany and the Eurozone showed a noticeable improvement in economic sentiment, broad USD strength doesn't allow the pair to gain traction.

EUR/USD News

GBP/USD drops below 1.2700 on notable US Dollar demand

GBP/USD drops below 1.2700 on notable US Dollar demand

 GBP/USD is extending the downside below 1.2700 in the European trading hours on Tuesday. The ongoing bullish momentum in the US Dollar, despite sluggish US  Treasury bond yields, undermines the pair. Mid-tier US housing data are coming up next. 

GBP/USD News

Gold price struggles to lure buyers, holds steady above one-week low ahead of FOMC meeting

Gold price struggles to lure buyers, holds steady above one-week low ahead of FOMC meeting

Gold price ticks lower amid reduced Fed rate cut bets, elevated US bond yields and stronger USD. Geopolitical tensions could lend some support to the safe-haven XAU/USD and help limit losses.

Gold News

Why is the crypto market crashing?

Why is the crypto market crashing?

The two most important contribution to the ongoing bull market is the meteoric rise in Bitcoin due to the ETF approval and the sudden interest spike in Solana ecosystem. But the recent move suggests that the upward momentum is dissipating and a correction looms. 

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Canada CPI Preview: Inflation pickup could scale back bets on early interest-rate cut

Canada CPI Preview: Inflation pickup could scale back bets on early interest-rate cut

The Canadian Consumer Price Index is expected to have risen by 3.1% YoY in February. The BoC shows no rush to lower its interest rate. The Canadian Dollar maintains its multi-day lows against the US Dollar around 1.3540.

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