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EUR/USD approaches 1.1000 as DXY drops below 103.00

EUR/USD approaches 1.1000 as DXY drops below 103.00

EUR/USD rose to 1.0988, reaching the highest intraday level since August 11. The pair trades near 1.1000, supported by broad-based US Dollar weakness. The DXY dropped below 103.00 to the lowest in three months.

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GBP/USD flirts with 1.2700 as US Dollar collapses

GBP/USD flirts with 1.2700 as US Dollar collapses

GBP/USD rose further during the American session and challenges the 1.2700 mark. A weaker US Dollar continues to support the upside in the pair, as well as central banks' imbalances, with hawkish comments from the BoE and a softer message from Fed's officers.

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Gold heading towards 2020 record high

Gold heading towards 2020 record high

Gold prices extended gains on Tuesday, with XAU/USD trading as high as $2,038.45 after Wall Street's opening, currently holding nearby. The US Dollar has remained under selling pressure since the day started.

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Dogecoin price might recover losses if volume picks up

Dogecoin price might recover losses if volume picks up

Dogecoin has noted a massive rise in wallet addresses with a non-zero balance. This increase is typical of rising demand among market participants for DOGE. On-chain metrics paint a bullish outlook for Dogecoin.

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Eurozone bank lending continues to weaken as economy adjusts to higher rates

Eurozone bank lending continues to weaken as economy adjusts to higher rates

Loans to businesses are now 0.3% lower than in October last year, the first annual decline since July 2015. This confirms that monetary tightening is having a clear effect on the economy. A divide between countries is also opening up.

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