IOT/USD Exchange rate
Editors’ Picks
EUR/USD hovers around 1.0500 on softer US Dollar demand
EUR/USD gained modest upward traction and trades around 1.0500 in the American session on Thursday. In the absence of high-tier data releases, improving risk mood makes it difficult for the US Dollar (USD) to find demand and helps the pair push higher.
GBP/USD rebounds from daily lows, bullish potential limited
After falling toward 1.2600 on disappointing macroeconomic data releases from the UK, GBP/USD gathered modest strength and advanced beyond 1.2650. The US Dollar, however, is recovering the ground lost and aiming to close the week in the green.
Gold pierces $2,660, upside remains capped
Gold (XAU/USD) puts pressure on daily lows and trades below $2,660 on Friday’s early American session. The US Dollar (USD) reclaims its leadership ahead of the weekly close, helped by rising US Treasury yields.
Bitcoin and Ripple stalls while Ethereum eyes rally
Bitcoin faces resistance near $101,100, hinting at a potential downturn. At the same time, Ethereum eyes a rally if it can firmly close above $4,000, and Ripple holds support at $1.96, with a breakdown signaling a possible decline.
Can markets keep conquering record highs?
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.