XAG/USD Exchange rate
Editors’ Picks
EUR/USD extends slide after ECB Minutes, awaits US Retail Sales
EUR/USD extends its fall below 1.0300 in European trading on Thursday. Despite risk appetite and a softer US Dollar, the pair struggles due to dovish ECB Accounts, as a 50 bps rate cut was on the table. US Retail Sales are next.
GBP/USD holds losses around 1.2200 after dismal UK data
GBP/USD is battling 1.2200 in the European session on Thursday. The pair faces headwinds from disappointing UK GDP and industrial figures for November, increased bets of BoE rate cuts and a steady US Dollar. US Retail Sales and Jobless Claims data are next on tap.
Gold extends recovery on rate cut expectations
Gold’s price edges higher for the third day in a row and recovers initial weekly losses, rising above the $2,700 level at the time of writing on Thursday. The recovery comes in the run-up and release of the December US Consumer Price Index (CPI) data on Wednesday.
Algorand bulls aim for double-digit gains
Algorand price extends its gains, trading around $0.469 on Thursday after rallying more than 19% the previous day. The Algo insights report shows that ALGO’s RWA TVL increased 34.6% and 64.5% of the year’s follower growth on X.
Eurozone industrial production ticked up in November
The slight 0.2% rise in production from October is insufficient to indicate a reversal of the two-year downward trend. Overall, the outlook for industry remains quite weak at the start of the year.