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Editors’ Picks
EUR/USD stays below 1.0850 after upbeat US data
![EUR/USD stays below 1.0850 after upbeat US data](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/EURUSD/money-euro-and-dollar-banknotes-17371247_XtraSmall.jpg)
Following a short-lasting recovery attempt, EUR/USD struggles to keep its footing and trades below 1.0850 in the second half of the day. The upbeat GDP data from the US helps the US Dollar stay resilient against its rivals and doesn't allow the pair to gain traction.
GBP/USD remains on defensive below 1.2900 as USD rebounds
![GBP/USD remains on defensive below 1.2900 as USD rebounds](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/GBPUSD/iStock-1178148633_XtraSmall.jpg)
GBP/USD maintains the bearish bias and trades in the red below 1.2900 in the American session on Thursday. The US Dollar benefits from the risk-averse market atmosphere and stronger-than-expected US GDP data, causing the pair to stretch lower.
Gold slumps toward $2,360 following strong US GDP reading
![Gold slumps toward $2,360 following strong US GDP reading](https://editorial.fxstreet.com/images/Markets/Commodities/Metals/Gold/stacked-gold-bars-13094022_XtraSmall.jpg)
Gold extends its daily slide and trades at its lowest level in two weeks near $2,360. Growing concerns over the Chinese economic outlook and the US Dollar's resilience on upbeat growth data force XAU/USD to remain under bearish pressure on Thursday.
Bitcoin price declines as Kraken exchange executes first reimbursements to Mt. Gox creditors
![Bitcoin price declines as Kraken exchange executes first reimbursements to Mt. Gox creditors](https://editorial.fxstreet.com/images/Markets/Currencies/Digital%20Currencies/Bitcoin/Bitcoin_Dollar_XtraSmall.jpg)
Bitcoin Magazine CEO David Bailey confirms that Kamala Harris will not speak at the upcoming Bitcoin Conference. Bitcoin adoption has grown as Ferrari Luxury Car Manufacturer accepts crypto payments across Europe.
Economic growth exceeded expectation in Q2
![Economic growth exceeded expectation in Q2](https://editorial.fxstreet.com/images/Macroeconomics/EconomicIndicator/EconomicHealth/GDP/Growth/gdp-and-data-report-chart-calculator-gm504853140-83365501_XtraSmall.jpg)
The economy expanded at a 2.8% annualized rate in the second quarter. While that handily exceeded expectations, we suspect that it may be the fastest GDP growth rate we are apt to see for the foreseeable future.