LAK/USD Exchange rate
Editors’ Picks
EUR/USD resumes decline after US CPI jump
EUR/USD is back under pressure and struggling to retain the 1.0500 mark after jumping north following US CPI figures in line with the market expectations. The US Dollar trades unevenly across the FX board, yet its bearish potential looks well-limited. EUR/USD on its way to breach daily low at 1.0486.
Gold flirts with $2,700 as US inflation met expectations
Gold maintains the upward pressure and hovers around the $2,700 level after the US reported that the November Consumer Price Index rose 2.7% from a year earlier, as expected. US Dollar mixed as investors await more clues.
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.
Why is the ECB set to cut interest rates again and what does that mean Premium
The ECB is widely expected to cut interest rates on Thursday for the fourth time this year. This is a significant achievement as it suggests that the ECB, which sets monetary policy in the Eurozone, is accelerating its path towards lower interest rates after an unprecedented increase.
GBP/USD drops below 1.2750, awaits US inflation data
GBP/USD is back in the red below 1.2750 in European trading on Wednesday. The Pound Sterling loses traction amid renewed US Dollar buying as risk sentiment worsens heading into the key US CPI showdown. The US inflation data is key to gauging the pace of Fed's future rate cuts.