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EUR/USD remains heavy on 1.0700 as Trump set to win US presidential race
EUR/USD remains deep in the red on the 1.0700 level, down nearly 1.50% so far, as the focus remains on the official announcement of the US election outcome. Republican nominee Donald Trump is about to officially take on the presidency, supporting the US Dollar resurgence.
GBP/USD recovers to 1.2900 as Trump trades-led USD rally stalls
GBP/USD is recovering to near 1.2850 in European trading on Wednesday. The US Dollar stalls its Trump trades-led rally, allowing the pair to catch a breather. The rebound is likely to remain capped as the Republican candidate will be officially announced as the 47th US president.
Gold price bounces off multi-week low near $2,700
Gold price has bounced off the $2,700 level in the European session on Wednesday, having come under intense selling pressure on a potential Trump win in the US election. The bright metal remains vulnerable, as the US Dollar stands tall on the return of Trump trades.
Bitcoin breaks all-time high of $73,777 as Trump takes the lead
Bitcoin breaks above its all-time high of $73,777 on Wednesday, buoyed by Donald Trump's poll lead. At the same time, Ethereum is nearing its key resistance level, with a strong close above it, potentially signaling upward momentum. Meanwhile, Ripple finds support around its daily level.
DOGE could hit a new yearly high after 50% rally in twenty days
Dogecoin is up 8% on Tuesday following rising expectations of a Donald Trump victory in the ongoing U.S. presidential elections. If the bullish momentum continues, the meme coin leader could rise to a new yearly high.
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