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The shared currency is rallying on Thursday due to a weaker US dollar, despite a risk-aversion environment that usually benefits the greenback, but not this time, as the EUR/USD rose more than 1%. 

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Gold bulls have been taking control due to a weaker US dollar. The price is trapped between daily support and resistance but the W-formation could hamstring the bulls. The US dollar is pressured, dipping to a 2-week low, as measured by the DXY index.

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Cardano is on professional traders' urgent watchlist as the digital asset could enter a mid-term bottom in the $0.45 zone before rallying upwards towards $0.60. ADA, like several cryptos, has been in a steep bear rally, which demands the need for balance and proportion.  

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Warning signs in China's economic outlook as COVID-19 spreads

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New variables both within and outside of China in 2022 have placed the country's economy under new pressure. In the first quarter, its economic growth rate was only 4.8%, which was 0.7 percentage points lower than the annual economic growth target of 5.5%.

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