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EUR/USD climbs to fresh daily highs near 1.0750

EUR/USD climbs to fresh daily highs near 1.0750

EUR/USD has regained its traction and climbed to a daily high near 1.0750. Despite the upbeat ADP employment data, the downward revision to Unit Labor Costs for Q1 and the sharp drop seen in ISM Manufacturing PMI's Prices Paid Index weighed heavily on USD, boosting the pair.

EUR/USD News

GBP/USD rises to multi-week highs above 1.2500

GBP/USD rises to multi-week highs above 1.2500

GBP/USD has extended its daily rally and touched its highest level since mid-May above 1.2500. The US Dollar continues to weaken against its rivals as soft wage inflation data feed into expectations for a pause in Federal Reserve rate hikes at the upcoming policy meeting.

GBP/USD News

Gold climbs above $1,980 as US yields extend slide

Gold climbs above $1,980 as US yields extend slide

Gold price climbed above $1,980 in the American session on Thursday. Following soft manufacturing and wage inflation data from the US, the benchmark 10-year US Treasury bond yield is down more than 1% on the day near 3.6%, fuelling XAU/USD's daily rally.

Gold News

XRP unlocks tokens worth $500 million as SEC vs. Ripple verdict looms

XRP unlocks tokens worth $500 million as SEC vs. Ripple verdict looms

Ripple, the cross-border payment remittance giant, has unlocked a total of 1 billion XRP tokens from escrow on Thursday. This unlock is a part of the scheduled monthly distribution strategy of the XRP token.

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LCID sheds 13% with $3 billion share sale

LCID sheds 13% with $3 billion share sale

Lucid Group (LCID), the maker of the Lucid Air luxury electric sedan, surprised shareholders late Wednesday when it announced that it would raise $3 billion in new common stock.

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