ETH/USD Exchange rate
Editors’ Picks
LIVE: US Dollar struggles to rebound after weekly Jobless Claims data Premium
The US Dollar is finding it difficult to stage a rebound following the selloff seen after April inflation data on Wednesday. The data from the US showed on Thursday that weekly Initial Jobless Claims declined to 222K from 232K but failed to provide a boost to the USD.
EUR/USD consolidates below 1.0900 following Wednesday's rally
EUR/USD trades in a tight range below 1.0900 after registering impressive gains on Wednesday. The US Dollar stays resilient against its peers following the CPI-inspired selloff as investors await mid-tier data releases and comments from Fed officials.
GBP/USD corrects lower after testing 1.2700
Following Wednesday's upsurge, GBP/USD stretched higher and touched a fresh multi-week high at 1.2700 in the Asian session on Thursday. With the market focus shifting to US Jobless Claims data, the pair corrects lower in the European trading hours.
Gold finds resistance near $2,400, retreats toward $2,380
Gold advanced toward $2,400 on Wednesday as US Treasury bond yields pushed lower following the April inflation data. The modest rebound seen in yields combined with the US Dollar's resilience, however, causes XAU/USD to retreat toward $2,380 ahead of US data.
Bitcoin likely to return to all-time high of $73,949, QCP Capital says
Bitcoin (BTC) price is likely to rally back to $74,000 in the coming weeks, it's all-time high reached in March, riding on three bullish catalysts, according to crypto trading firm QCP Capital.