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EUR/USD clings to modest daily gains, stays below 1.1000
EUR/USD trades modestly higher on the day but remains slightly below 1.1000. The improving risk mood makes it difficult for the US Dollar to build on Thursday's gains and helps the pair hold its ground ahead of the weekend.
GBP/USD climbs to multi-week highs above 1.2900
GBP/USD preserves its bullish momentum on Friday and trades at its highest level in three weeks slightly above 1.2900. The positive shift seen in risk sentiment causes the US Dollar to stay under bearish pressure, allowing the pair to extend its uptrend.
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Editors’ Picks
Gold hits new record high, closes in on $2,500
Gold keeps its bullish stance and trades at a new all-time high near $2,490 in the American session on Friday. The benchmark 10-year US Treasury bond yield loses nearly 1% on the day below 3.9%, fuelling XAU/USD's rally ahead of the weekend.
Dogecoin price is set for a downturn as it encounters its resistance barrier
Dogecoin price is testing the resistance around the 100-day EMA at $0.1073, with an impending decline ahead. On-chain data shows DOGE's daily active addresses decreasing and dormant wallets moving again, signaling a bearish move.
Easing inflation worries despite robust sales data
The market mood got a further boost yesterday after the latest data release from he US hinted that the economy is not doing that bad, after all.