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AUD/USD keeps the red near 0.6200 after Chinese inflation data
AUD/USD keeps losses near the 0.6200 mark following mixed Australian data and as expected China's inflation numbers. The RBA's dovish shift and China's economic woes add to the weight on the Aussie as risk sentiment remains tepid. Fedspeak eyed.
USD/JPY: Bears attack 158.00 on strong Japanese wage growth data
USD/JPY drifts lower to test 158.00 early Thursday after data showed that base salaries for Japanese workers increased at the fastest pace in 32 years. The data backs the case for the BoJ to raise interest rates, which, along with the cautious market mood, benefits the safe-haven Yen and drags the pair away from a multi-month top.
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Gold price holds steady below a multi-week high set on Wednesday
Gold price is seen consolidating its gains registered over the past two days, to a four-week top touched on Wednesday. The Fed's hawkish signal, the recent surge in the US bond yields and a bullish USD act as a headwind for the yellow metal.
Has Bitcoin topped for the cycle? Here's what key metrics suggest
Bitcoin experienced a 2% decline on Wednesday as the cryptocurrency market grapples with recent losses. On-chain data has indicated a shift in the accumulation of the leading cryptocurrency, suggesting that holders are increasingly selling their assets.
Litecoin Price Forecast: 40,000 LTC traders exit as crypto crash triggers $500M in liquidations
Litecoin price slid 10% to hit a 7-day low of $102 on Wednesday. On-chain metrics show a large number of LTC holders exiting their positions as hawkish US jobs data sparked downward volatility.