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AUD/USD surges above 0.6600 on soft US jobless claims
The Australian Dollar rallied against the US Dollar on Thursday, printed gains of more than 0.60%, due to the Greenback remained offered following a softer than expected US jobs report. The AUD/USD trades back above the 0.6600 threshold as Friday’s Asian session begins.
EUR/USD climbs over 1.0780 on broad-market risk appetite recovery
EUR/USD gained ground on Thursday, finding upside on the week after the US Dollar broadly fell back after rising US Initial Jobless Claims sparked renewed hope of rate cuts from the Federal Reserve.
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Editors’ Picks
Gold marches higher as weak jobless claims, increase Fed rate cut speculation
Gold price resumed its uptrend on Thursday and climbed more than 1% as US Treasury yields dropped, undermining the Greenback's appetite. Labor market data from the United States was softer, increasing the chances for a rate cut by the Federal Reserve despite dealing with inflationary pressure.
Ethereum waiting on a bullish trigger, Consensys CEO takes a jab at the SEC
Ethereum co-founder alleges that the SEC aims to stifle innovation through its enforcement actions against Ethereum-related companies. Grayscale CEO says he's optimistic the SEC would approve its spot ETH ETF application.
Dow Jones Industrial Average gains 330 points as investors celebrate rising unemployment claims
The Dow Jones Industrial Average (DJIA) found further gains on Thursday as investors bet on Fed rate cuts to come after US Initial Jobless Claims rose to a multi-month high.