USD/MXN Exchange rate
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EUR/USD extends losses to near 1.0900 as Fed decision looms
EUR/USD extends the drop to test 1.0900 in European trading on Wednesday, pressured by a decent US Dollar recovery. Traders resort to position adjustment, lifting the Greenback ahead of the US Federal Reserve interest rate decision.
Gold price bulls pause for a breather after refreshing record high; Fed decision awaited
Gold price extends its consolidative price move near the record high through the first half of the European session on Wednesday as bulls pause for a breather ahead of the FOMC policy update. The Federal Reserve will announce its decision later during the US session and is expected to keep the federal funds rate unchanged at the current range of 4.25% to 4.50%.
GBP/USD drops toward 1.2950 as US Dollar finds demand ahead of Fed decision
GBP/USD edges lower toward 1.2950 in the European trading hours on Wednesday after posting gains in the previous two sessions. The pair struggles as the US Dollar finds renewed amid broad risk aversion as all eyes turn to the Federal Reserve’s interest rate decision for fresh impetus.
XRP battles key trendline support as long-term holders continue holding onto large profits
XRP futures open interest has remained largely flat since the market crash in early February. The remittance-based token has shed 33% of its OI between February 1 and March 18, per Coinglass data.
Tariff wars are stories that usually end badly
In a 1933 article on national self-sufficiency1, British economist John Maynard Keynes advised “those who seek to disembarrass a country from its entanglements” to be “very slow and wary” and illustrated his point with the following image: “It should not be a matter of tearing up roots but of slowly training a plant to grow in a different direction”.