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EUR/USD stays below 1.1100 after upbeat US data
EUR/USD struggles to gain traction and trades below 1.1100 in the second half of the day on Wednesday. The data from the US showed that employment in private sector rose at a stronger pace than forecast in September, supporting the USD.
GBP/USD remains on the backfoot below 1.3300
GBP/USD continues to trade below 1.3300 in the American session on Wednesday. US ADP Employment Change came in at 143,000 in September, surpassing the market expectation of 120,000 and making it difficult for the pair to stage a rebound.
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Editors’ Picks
Gold hovers around $2,660 after US opening
Spot Gold hovers around $2,650 a troy ounce on Wednesday, confined to a tight trading range amid a generally pessimistic market mood favoring both Gold and the US Dollar (USD).
Bitcoin holds above $61,000 after sell-off driven by escalating conflict between Israel and Iran
Bitcoin recovers slightly on Wednesday, trading above $61,000, after Tuesday’s slump due to the escalating Israel-Iran conflicts. The decline, which led BTC to trade below $61,000, wiped out more than $500 million from the crypto market.
Bitcoin holds above $61,000 after sell-off driven by escalating conflict between Israel and Iran
Bitcoin recovers slightly on Wednesday, trading above $61,000, after Tuesday’s slump due to the escalating Israel-Iran conflicts. The decline, which led BTC to trade below $61,000, wiped out more than $500 million from the crypto market.