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AUD/USD approaches 0.6900 ahead of Australian inflation
The Aussie is among the best performers against the Greenback this week, trading at fresh 2024 highs, not far from the 0.6900 mark. Australian inflation data taking centre stage in the Asian session.
EUR/USD extend recovery amid persistent USD weakness
The Euro benefited from the broad US Dollar’s weakness on Tuesday, trimming weekly losses and looking to retest the 1.1200 level. Additional gains out of the table amid discouraging European data.
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Editors’ Picks
Gold's unstoppable run extends beyond $2,650
Gold price keeps posting record highs on a daily basis, now comfortable above $2,650. Poor United States data fueled speculation the Federal Reserve will trim rates by another 50 bps when it meets in November.
Crypto Today: Bitcoin, Ethereum and XRP consolidate as SUI continues impressive run
Bitcoin traded around $63,600 on Tuesday, as prices appear to be consolidating within the $62,000 and $64,700 key levels. On-chain data shows that the consolidation may be due to profit-taking by holders and mild Bitcoin ETF net inflows of $4.5 million, per Farside Investors data.
Ethereum outperforms top 20 cryptos as it targets $2,817
Ethereum is up nearly 4% on Monday following its impressive rally in the past five days since the Federal Reserve cut rates by 50 basis points. ETH is currently attempting to reclaim a key support level at $2,817.