IOT/USD Exchange rate

The Australian dollar fell below 0.65 the figure and is hovering around the worst levels in over six months growing expectations that the US Federal Reserve would raise interest rates further. The Aussie was also weighed by poor China data.

The EUR/USD pair is marching towards the round-level resistance of 1.0700 in the early Tokyo session. The major currency pair showed a sharp recovery from 1.0640 on Wednesday after the US Dollar Index (DXY) faced intense selling pressure post refreshing a 10-week high at 104.70.

Gold price picks up bids to refresh intraday high near $1,967 amid early hours of Thursday’s Asian session as the US Dollar’s retreat joins hopes of the United States debt-ceiling bill’s passage through the House of Representatives.

Solana price is back above the $20 range after a bounce from the $18.87 support on May 25. The newly found momentum comes as the number of active users continues to increase. SOL could rise 30% to the $26.30 range high as cryptos attempt a recovery rally this week.

C3.ai (AI) stock slipped 7.6% to $41.62 in Wednesday’s premarket ahead of quarterly earnings expected after the close. This may just be traders taking profits after Tuesday’s 33.4% surge in the AI stock price.