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GBP/USD keeps range around 1.3050 after UK data
GBP/USD is keeping its range at around 1.3050 in the European morning on Friday, a little impressed by the UK GDP and the industrial growth in August. Traders now look to the US PPI data for short-term impetus, as the US Dollar consolidates weekly gains.
EUR/USD struggles below 1.0950, awaits US PPI data
EUR/USD remains on the defensive below 1.0950 in the early European session on Friday. The hotter-than-expected US CPI inflation reading on Thursday provided some support to the Greenback, capping the pair's upside. US PPI inflation data is next in focus.
Gold price adds to Thursday's mixed US data-inspired gains, climbs closer to $2,650
Gold price is seen building on the previous day's goodish bounce from the $2,600 neighborhood, or a nearly three-week low and gaining positive traction for the second successive day on Friday. The momentum is sponsored by expectations that the Federal Reserve will continue cutting rates amid signs of labor market weakness.
Bitcoin finds support around $60,000
Bitcoin is finding support around the key level, and a close below this level could signal a decline. Ethereum is approaching a critical resistance barrier; rejection from this level suggests a decline ahead. Meanwhile, Ripple is stuck in a range, reflecting a period of indecision among traders.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
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