|
South Africa Net $Gold & Forex Reserve climbed from previous $71.144B to $74.877B in January
Author
FXStreet Team
FXStreet
More from FXStreet Team
Editor's Picks
EUR/USD holds recovery ground near 1.1800 in the European session on Friday. The pair attracts minor bids as the US Dollar ticks down amid an improvement in speculation that the Federal Reserve could cut interest rates in the March policy meeting. The focuis is now on the US consumer sentiment data.
GBP/USD rebounds after two days of gains, trading near 1.3550 in European trading on Friday. The US Dollar retreats from two-week highs amid profit-taking, lending support to the major ahead of the US UoM Consumer Sentiment and Inflation Expectations data. BoE Chief Economist Pill's speech is also awaited.
Gold builds on its goodish intraday bounce from the vicinity of mid-$4,600s, or a four-day low touched during the Asian session, and climbs to a fresh daily high in the last hour. A turnaround in the risk sentiment drives flow toward traditional safe-haven assets and acts as a tailwind for the commodity.
Bitcoin, Ethereum and Ripple slip to multi-month lows, erasing all gains since crypto-friendly candidate Donald Trump won the US presidential election in November 2024. BTC hits a low of $60,000 on Friday, while ETH nosedives to $1,750 and XRP to $1.11.
Tech just got hit with a different kind of selloff. Not the usual rates tantrum, not a recession whisper, not even an earnings miss in the classic sense. This was the market staring into an AI mirror and recoiling at its reflection.
Solana (SOL) price extends its correction, slipping below $70 on Friday after posting losses of over 23% so far this week. The sell-off was fueled by broader weakness in the crypto market, with Bitcoin (BTC) reaching a low of $60,000 on Friday.
