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AUD/USD bulls remain cautious near 0.6500 amid trade war fears
AUD/USD oscillates around the 0.6500 mark and remains close to a multi-month low touched earlier this week amid worries that Trump's tariff plans will trigger a US-China trade war. That said, bets for a 25 bps Fed rate cut in December and the recent fall in the US bond yields keep the USD depressed near a two-week low, offering some support to the Aussie.
USD/JPY recovers from over one-month low; upside seems limited
USD/JPY attracts some buyers during the Asian session and moves away from over a one-month low touched on Wednesday, though any meaningful recovery seems elusive. Worries about the economic impact of Trump's pledged tariffs and geopolitical risks continue to underpin the safe-haven JPY.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold eases from daily highs as bears seize control
Gold remains on the positive foot near $2,640 per troy ounce, as US inflation data matched initial estimates in October, while US yields display a negative performance across the curve.
Ripple's XRP eyes rally to $2.58 as whales step up buying pressure
Ripple's XRP rallied 6% on Wednesday following increased buying pressure among whales in the past two weeks. The remittance-based token could stage a move to $2.58 amid increased institutional interest in the launch of an XRP exchange-traded fund (ETF) in the US.
Crypto Today: XRP, ADA, XLMsurge as Ripple donates $25M to pro-crypto Fairshake
The altcoin market rally was propelled by news of Ripple Labs donating another $25 million to Fairshake, a Political Action Committee (PAC) that promotes political candidates committed to securing crypto-friendly policy in the United States in the 2026 midterm elections.