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EUR/USD steadies below 1.0200 ahead of US data

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After suffering heavy losses and declining below 1.2100 in the European morning on Monday, GBP/USD has failed to stage a convincing recovery. The US Dollar Index extends its rally toward mid-106.50 as the greenback finds demand as a safe haven in the risk-averse atmosphere.

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Gold drops further to test 50 DMA amid notable USD demand

Gold Price erases Friday’s rebound to test the critical 50 DMA at $1,782. China-led risk-aversion inspires the US dollar rally while yields recover. Focus shifts to US Retail Sales and Fed minutes for the next big move in XAU/USD.

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In the SEC v. Ripple case, the payment giant is set to serve subpoenas and authenticate videos of SEC officials’ public remarks. This evidence could make or break Ripple’s defense against the SEC.

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