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Eurozone Economic Sentiment Indicator above expectations (97) in January: Actual (99.4)
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FXStreet Team
FXStreet
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EUR/USD has given back earlier gains and is now hovering around 1.1970, up modestly for the day. Meanwhile, the US Dollar comes under mild downside pressure in the wake of the weekly report on the US labour market.
GBP/USD manages to regain the 1.3800 barrier and beyond, all in response to the modest pullback in the Greenback as market participants continue to assess the latest FOMC gathering.
Gold pushed to fresh record highs around the $5,600 mark per troy ounce on Thursday. The yellow metal’s relentless run has been fuelled by strong safe-haven demand, underpinned by ongoing geopolitical tensions, economic uncertainty and a softer US Dollar.
Dash faces intense headwinds, recording a 3% drop at press time on Thursday and extending a broader two-week decline that puts the key 50-day Exponential Moving Average at $55.93 into the spotlight.
At its January meeting, the Federal Reserve kept the Fed Funds Target Range (FFTR) unchanged at 3.50%–3.75%, a decision that was fully in line with market expectations.
Solana (SOL) is trading in the red, down 2% at press time on Thursday, aligning with the broader cryptocurrency market correction as the US Federal Reserve kept the interest rates unchanged on Wednesday.
