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EUR/USD eases to four-week lows near 1.1650
EUR/USD now loses further momentum and recedes to multi-week lows near 1.1650 on Thursday. The pair’s extra retracement comes on the back of the persistent bid tone in the US Dollar as investors continue to gear up for the release of the December NFP figures on Friday.
GBP/USD: Further weakness could challenge 1.3400
GBP/USD remains under unabated selling pressure on Thursday, slipping to fresh three-day lows around 1.3415 in response to further improvement in the sentiment surrounding the Greenback ahead of Friday’s key NFP data.
XRP slides as institutional and retail demand falters
Ripple is trading down for the third consecutive day on Thursday amid escalating volatility in the cyrptocurrency market. After peaking at $2.41 on Tuesday, its highest print since November 14 amid the early-year rally, XRP has quickly ran into aggressive profit-taking.
Zcash downside risks escalate as core development quits amid internal disagreements
Zcash (ZEC) is trading down as volatility reaps through the cryptocurrency market on Thursday. The privacy-focused token is down nearly 14%, marking the largest intraday loss since December 1.
Crypto Today: Bitcoin, Ethereum, XRP extend decline as ETF outflows pose headwinds
Bitcoin is trading around $90,000 at the time of writing on Thursday as volatility grips the broader cryptocurrency market. Altcoins, including Ethereum and Ripple, also face increasing selling pressure, which continues to trim early-year gains.