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GBP/USD hovers around 1.2750 on UK election day
GBP/USD is trading sideways near 1.2750 in the European session on Thursday. A broadly softer US Dollar keeps the pair afloat but traders refrain from placing fresh bets on the Pound Sterling, as UK voters head to polls.
EUR/USD retakes 1.0800 ahead of ECB Accounts
EUR/USD is battling 1.0800, regaining upside momentum in the European session on Thursday. The pair's renewed uptick is attributed to fresh US Dollar selling on escalated speculations of a September Fed rate cut. ECB Accounts is next in focus.
Gold trades with caution above $2,350, as focus shifts to US NFP
Gold price has reversed early gains to trade cautiously above $2,350 on Thursday. Sustained US Dollar weakness alongside sluggish US Treasury bond yields keeps the downside in Gold price capped amid the July 4 US holiday-thinned market conditions. Friday's NFP data eyed.
MANTRA partners with UAE real estate giant MAG to tokenize $500 million in assets
MANTRA announced its partnership with UAE real estate giant MAG on Wednesday via social media platform X. This collaboration introduces new investment opportunities for tokenized real estate worth $500 million in the flourishing Middle Eastern market.
Investors await NFP to validate their Fed rate cut bets
Investors expect two rate cuts, even though Fed signals one. Recent data corroborates investors’ take. Nonfarm Payrolls waited for more confirmation.