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AUD/USD has met fresh supply and eases back below 0.7400 as covid concerns escalate globally and lift the US dollar's safe-haven demand. The aussie ignores upbeat Australian economic news, as attention turns towards the US PCE inflation data.
Gold stays defensive around $1,830, sidelined of late, amid Friday’s Asian session. The yellow metal crossed 200-DMA for the first time since mid-July the previous day on the market’s risk-on mood.
EUR/USD holds the lower ground below 1.1900 amid broad-based US dollar rebound. The dollar benefits from covid woes, ignores Treasury yields pullback. US GDP backs Fed’s resistance to discuss tapering. A busy docket ahead, with focus on Eurozone GDP and US PCE inflation.
Litecoin price confirms breakout from the governing falling wedge pattern on July 25, marking a turning point for the altcoin and introducing new technical challenges.