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EUR/USD stays under pressure below 1.0500

EUR/USD stays under pressure below 1.0500

EUR/USD is having a difficult time staging a rebound after having dropped below 1.0500 earlier in the day. FOMC Chairman Powell's relatively optimistic comments on the economic outlook provided a boost to the dollar in the second half of the day, weighing on the pair. 

EUR/USD News

GBP/USD rebounds modestly, trades near mid-1.2100s

GBP/USD rebounds modestly, trades near mid-1.2100s

GBP/USD fell to its lowest level in nearly two weeks near 1.2100 but managed to stage a rebound. With the dollar preserving its strength on the back of FOMC Chairman Powell's hawkish comments, however, the pair stays in negative territory near 1.2150.

GBP/USD News

Gold steadies near $1,820 following earlier drop

Gold steadies near $1,820 following earlier drop

Gold is struggling to make a decisive move in either direction and seems to have steadied near $1,820, where it closed on Tuesday. Despite the broad-based dollar strength, XAU/USD holds its ground amid a more-than-2% decline seen in the 10-year US yield.

Gold News

Fresh lows for crypto markets in sight as recovery gains come undone

Fresh lows for crypto markets in sight as recovery gains come undone

Bitcoin price faced an intense sell-off as it approached the recent weekly open, indicating that investors are looking to book profits. This downswing has caused Ethereum, Ripple and other altcoins to take a dip as well.

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