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EUR/USD trims losses and rises above 1.0650 as USD weakens Premium
EUR/USD hit a bottom of 1.0634 on Wednesday, the lowest level since mid-March. During the American session, it rebounded and rose back above 1.0670, boosted by a decline in the US Dollar. The Greenback was weighed down by comments from Fed officials suggesting a pause at the next FOMC meeting.
GPB/USD jumps above 1.2400 as USD loses momentum
GBP/USD rose on Wednesday after staging a recovery from 1.2350 to 1.2435 during the American session. The US Dollar weakened across the board following comments from Fed Harker and Jefferson favoring a pause at the next Fed meeting.
Gold reclaims $1960 on US debt ceiling hopes, falling US bond yields
Gold price advances during the day but remains set to achieve monthly losses of more than 1.30% in May, portraying modest gains, and is trading back above the $1960 area. Expectations of resolving the US debt ceiling issue spark a dip in US Treasury bond yields, offering a lift to the XAU/USD price.
Shiba Inu price drops to three-month lows amid community conflicts
Shiba Inu (SHIB) price is trading with a bearish bias as bulls continue to lose ground to the bears. It appears the token burns are not achieving the expected result, given that the meme coin has recorded massive losses since the year started, with more to come as sellers continue to dominate the market.
C3.ai Stock News: After 33% rally, AI shares backtrack ahead of earnings
C3.ai (AI) stock slipped 7.6% to $41.62 in Wednesday’s premarket ahead of quarterly earnings expected after the close. This may just be traders taking profits after Tuesday’s 33.4% surge in the AI stock price.