FLOKI/USDT Exchange rate
Editors’ Picks
AUD/USD weakens below 0.6400 ahead of Australian employment data
The AUD/USD pair remains on the defensive near 0.6370 after bouncing off a fresh year-to-date low of 0.6336. The dovish stance by the Reserve Bank of Australia drags the Australian Dollar lower. Traders will closely monitor the Australian November labor market data, along with the US PPI data, which are due later on Thursday.
EUR/USD drops below 1.0500 after US inflation data
EUR/USD stays under pressure and trades below 1.0500 in the American session on Wednesday. The US Dollar stays resilient against its rivals after the data showed that the annual CPI inflation edged higher to 2.7% in November, not allowing the pair to stage a rebound.
Gold skyrockets as US inflation suggests Fed easing ahead
Gold prices prolonged their uptrend on Wednesday following the release of inflation figures in the United States. Expectations that the Federal Reserve would cut interest rates next week were reaffirmed as the disinflation process evolves, yet at a slower pace.
Ethereum eyes new yearly high as whale and institutional holdings increase
Ethereum is up 6% on Wednesday after bouncing off the support level near $3,550. The spot market shows institutional investors and whales maintained a bullish sentiment, potentially scooping up ETH at lower prices during the recent dip.
BTC faces setback from Microsoft’s rejection
Bitcoin price hovers around $98,400 on Wednesday after declining 4.47% since Monday. Microsoft shareholders rejected the proposal to add Bitcoin to the company’s balance sheet on Tuesday.