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EUR/USD hits fresh three-month highs above 1.0970 as USD slides

EUR/USD hits fresh three-month highs above 1.0970 as USD slides

EUR/USD rose above 1.0970, reaching the highest intraday level since August 11. The pair holds near the highs, supported by broad-based US Dollar weakness as market participants await comments from Federal Reserve officials and US housing data.

EUR/USD News

GBP/USD rises toward 1.2650 as DXY hits fresh monthly lows

GBP/USD rises toward 1.2650 as DXY hits fresh monthly lows

GBP/USD rose from daily lows to 1.2648, the strongest level since early September on the back of a weaker US Dollar. The DXY trades near 103.00 at the lowest in almost three months ahead of comments from Fed officials. 

GBP/USD News

Gold price extends its consolidative price moves amid a modest USD recovery

Gold price extends its consolidative price moves amid a modest USD recovery

Gold price struggles to build on the overnight breakout momentum through a key barrier. A positive risk tone caps gains amid a modest recovery in the US bond yields and the USD.

Gold News

Dogecoin price might recover losses if volume picks up

Dogecoin price might recover losses if volume picks up

Dogecoin has noted a massive rise in wallet addresses with a non-zero balance. This increase is typical of rising demand among market participants for DOGE. On-chain metrics paint a bullish outlook for Dogecoin.

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Eurozone bank lending continues to weaken as economy adjusts to higher rates

Eurozone bank lending continues to weaken as economy adjusts to higher rates

Loans to businesses are now 0.3% lower than in October last year, the first annual decline since July 2015. This confirms that monetary tightening is having a clear effect on the economy. A divide between countries is also opening up.

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