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EUR/USD extends losses to 1.0550 after ECB Negotiated Wages data
EUR/USD holds lower ground near 1.0550 in European trading on Wednesday. The US Dollar resurgence alongside the US Treasury bond yields higher weighs on the pair. Meanwhile, ECB reported Negotiated Wage Rates rose 5.42% in Q3 but this data failed to support the euro.
GBP/USD reverses toward 1.2650, erases UK CPI-led gains
GBP/USD is falling back toward 1.2650 in the European session on Wednesday, having erased UK CPI inflation-data-led gains. The data from the UK showed that the annual inflation, as measured by the change in the CPI, rose to 2.3% in October from 1.7% in September. Fedspeak awaited.
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Gold price moves away from one-week top on rising US bond yields, modest USD strength
Gold price retreats after touching a one-and-half-week top earlier this Wednesday and drops to a fresh daily low, below the $2,630 level heading into the European session. A goodish pickup in the US Treasury bond yields, bolstered by bets for a less aggressive policy easing by the Fed, revives the USD demand and undermines demand for the non-yielding yellow metal.
Why is Bitcoin performing better than Ethereum? ETH lags as BTC smashes new all-time high records
Bitcoin has outperformed Ethereum in the past two years, setting new highs while the top altcoin struggles to catch up with speed. Several experts exclusively revealed to FXStreet that Ethereum needs global recognition, a stronger narrative and increased on-chain activity for the tide to shift in its favor.
Why is Bitcoin performing better than Ethereum? ETH lags as BTC smashes new all-time high records
Bitcoin has outperformed Ethereum in the past two years, setting new highs while the top altcoin struggles to catch up with speed. Several experts exclusively revealed to FXStreet that Ethereum needs global recognition, a stronger narrative and increased on-chain activity for the tide to shift in its favor.