CAD/SGD Exchange rate

EUR/USD trades near a fresh weekly low of 1.0468 after the European Central Bank trimmed interest rates as expected, and the United States published discouraging employment and inflation-related data. The US Dollar finds additional support in a dismal market mood. 

GBP/USD is pulling further back towards the 1.2700 level in the European session on Thursday as traders turn cautious. The pair reverses earlier gains as the US Dollar gathers strength following dismal United States data. 

XAU/USD pierced the $2,700 threshold and remains under pressure as investors diggest US figures and the  European Central Bank monetary policy announcement. Inflation in the US at wholesale levels rose by more than anticipated in November, according to the latest Producer Price Index release. 

Chainlink price surges around 15% on Thursday, reaching levels not seen since mid-November 2021. The rally was fueled by the Donald Trump-backed World Liberty Financial purchase of 41,335 LINK tokens worth $1 million on Thursday.

Equity markets are charging to new record highs, with the S&P 500 up 28% year-to-date and the NASDAQ Composite crossing the key 20,000 mark, up 34% this year. The rally is underpinned by a potent mix of drivers.