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EUR/USD clings to daily recovery gains above 1.0700 after US data
EUR/USD stays in positive territory above 1.0700 in the second half of the day on Thursday. Following the mixed macroeconomic data releases from the US, the US Dollar (USD) struggles to gather strength and helps the pair hold its ground.
USD/JPY retreats below 106.50 on renewed USD weakness
USD/JPY extends its correction from multi-decade high it touched earlier in the day and trades below 160.50. Verbal intervention from Japanese officials seems to be helping the JPY shake off the selling pressure, while the mixed US data hurt the USD.
Gold back to its comfort zone around $2,330
Gold bounces off the psychologically important $2,300 level and trades above $2,320 on Thursday. The benchmark 10-year US Treasury bond yield stays in negative territory following latest US data, allowing XAU/USD to extend its rebound.
VanEck files for Solana ETF in the US
VanEck filed to list a Solana spot exchange-traded fund in the US after the approval in January of Bitcoin ETFs. The asset manager says it considers Solana "a commodity, like Bitcoin or Ether."
Indices fall back as inflation worries return
Higher inflation in Australia has not helped matters, and raises the uncomfortable prospect that major bugbear of the past two years is set to make an unwelcome return, leading to rate hikes once again.