As reported by Maeil, a South Korean business newspaper, a Chinese nuclear envoy is likely to visit North Korea this week.
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EUR/USD stays below 1.1150 after upbeat US data
EUR/USD pulls away from the daily high it set near 1.1200 and trades below 1.1150 on Thursday. Although the upbeat data from the US helps the USD limit its losses, improving risk mood supports the pair in the American session.
GBP/USD clings to gains near 1.3250 after BoE maintains bank rate at 5%
GBP/USD struggles to preserve its bullish momentum but stays in positive territory near 1.3250. The Bank of England (BoE) left the policy rate unchanged at 5%, with only one policymaker voting in favor of a 25 bps cut. In the US, weekly Jobless Claims declined to 219K.
Gold trades within a touching distance all-time high set at $2,600
Gold (XAU/USD) edges higher and trades back in the $2,580s on Thursday after falling to the $2,540s following the US Federal Reserve (Fed) decision on interest rates the prior day. The 10-year US T-bond yield stays above 3.7%, limiting XAU/USD's upside.
Bitcoin extends gains after Fed cut interest rate
Bitcoin extends recent gains and trades above $62,000 at the time of writing on Thursday, following a 2.4% increase the previous day after the Federal Reserve’s (Fed) dovish decision to cut interest rates by 50 basis points.
BoE expected to keep interest rate unchanged at 5% as price pressures persist
After a close call in August, the Bank of England’s September interest rate decision is keenly awaited for fresh cues on the bank’s future policy action and the pace of its bond sales.
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