ETC/USD Exchange rate

GBP/USD retains its intraday negative bias heading into the European session on Thursday and remains close to its lowest level since May 20 amid renewed US Dollar buying. Traders now look to the UK employment details for a fresh impetus. In the meantime, Wednesday's hot UK consumer inflation increased the likelihood that the BoE will delay any rate cuts. 

EUR/USD retraces its recent gains from the previous session, trading around 1.1620 during the Asian hours on Thursday. Traders will likely observe Eurozone HICP data scheduled to be released later in the day. Focus will shift toward the US Retail Sales data for June, due later in the North American session.

Gold price attracts fresh sellers amid renewed USD buying and reduced Fed rate cut bets. A generally positive risk tone is seen as another factor undermining the precious metal. Persistent trade-related uncertainties could limit losses for the safe-haven commodity.

Solana-based meme coins Floki and Bonk edged lower by 2% at press time on Thursday, following the 30% gains on Wednesday, ranking as top crypto gainers in the last 24 hours. Curve DAO ranks third with a 21% surge following a triangle setup breakout, targeting the $1 psychological level. 

China's second-quarter GDP beat forecasts again with a 5.2% year-on-year growth, driven by strong trade and industrial production. Yet sharper-than-expected slowdowns in fixed-asset investment and retail sales and falling property prices are a concern.