BTC/EUR Exchange rate

AUD/USD catches fresh bids and tests 0.6450 early Wednesday. Renewed US Dollar weakness on trade tensions over China outweigh the RBA's dovish outlook and the domestic political turmoil, aiding the pair's fresh leg higher. Focus remains on tariff talks and Fedspeak. 

USD/JPY breaks below144.00 despite the disappointing release of Japan's trade balance data, as hawkish BoJ expectations continue to underpin the Japanese Yen. Meanwhile, the US Dollar extends losses amid Fed rate cut bets and a downgrade of the US government's credit rating, exerting additional pressure on the major.

Gold price advances to over a one-week top in the Asian session on Wednesday, with bulls now awaiting a sustained move above the $3,300 mark before placing fresh bets. Moody's downgrade of US credit rating and Fed rate cut bets keep the US Dollar depressed near a two-week low. Further, persistent geopolitical uncertainty benefits the safe-haven Gold.

Ethereum (ETH) held steady above $2,500 on Tuesday despite investors stepping up their selling pressure with high profit-taking and loss realization activity.

Trade war uncertainty is denting Chinese confidence, resulting in slower economic activity in April. Retail sales and fixed-asset investment both underperformed forecasts amid heightened caution. Yet the impact on manufacturing was less than feared.