EUR/TRY Exchange rate
Editors’ Picks
EUR/USD drops to near 1.0950 ahead of EU/ US inflation data
EUR/USD is dropping to near the 1.0950 region, under fresh selling pressure amid an uptick in the US Dollar on Thursday. Softer-than-expected French, German and Spanish inflation data weigh on the Euro. All eyes are on the Eurozone and US inflation data for fresh impetus.
GBP/USD hovers around 1.2700, US PCE data looms
GBP/USD is fluctuating around 1.2700 in European trading hours on Thursday. The US Dollar recovery is maintaining the downward pressure on the pair, as markets trade with caution ahead of the US PCE inflation data, BoE- and Fed-speak.
Gold price remains supported by dovish Fed expectations; eyes US PCE for fresh impetus
Gold price (XAU/USD) extends its sideways price move heading into the European session on Thursday and remains confined in a narrow trading band below its highest level since May 5 touched the previous day.
Bitcoin Spot ETF anticipation fuels BTC price rally in spot and futures markets
Bitcoin Spot ETFs could see a batch approval in January. Eric Balchunas, a Bloomberg ETF analyst shared details of an updated application by asset manager BlackRock.
Inflation misses embolden dovish bets
A wave of inflation misses around the globe has helped to embolden doves, with the market continuing to price in peak rates and a move from central banks towards more investor friendly monetary policy into 2024.