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AUD/USD holds recovery above 0.6600 after Chinese trade data
AUD/USD is holding its recovery above 0.6600 in the Asian session on Thursday. The pair capitalizes on a modest US Dollar pullback and strong Chinese trade surplus data amid RBA Governor Bullock's prudent remarks and improving risk sentiment. Fed verdict is awaited.
USD/JPY stays defensive below 154.50 amid Japanese verbal warnings
USD/JPY is extending its retreat below 154.50 early Thursday, following a massive surge on Wednesday. A US Dollar pullback and speculations that Japanese authorities might intervene to prop up the Yen undermine the pair. The focus now shifts to the Fed decision for further impetus.
Gold price loses ground due to solid US Dollar following Trump’s victory
Gold price extends its losses for the second successive session on Thursday. The dollar-denominated precious metal faces downward pressure from a stronger US Dollar following the victory of former President Donald Trump in the US election.
XRP eyes $0.6640 as Ripple CEO tips Trump to fire Gensler on first day in office
Ripple's XRP is up over 5% on Wednesday and could extend its rally to $0.6640 as the Securities & Exchange Commission may not file its appeal brief against the company due to Donald Trump's presidential election victory.
Trump wins: Tax cuts come with a cost
Donald Trump’s victory will ensure a lower tax environment that should boost sentiment and spending in the near term. However, promised tariffs, immigration controls and higher borrowing costs will increasingly become headwinds through his presidential term.
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