LTC/USD Exchange rate

AUD/USD added to Tuesday’s advance and rose markedly in a context favourable to the risk-associated space following the sharp data-driven sell-off in the Greenback, while auspicious results from the domestic calendar also lent legs to AUD.

EUR/USD extended its multi-session recovery north of 1.0800 the figure following the persistent retracement in the US Dollar and against the backdrop of steady expectation ahead of the second round of French elections on July 7.

Gold gathers bullish momentum and trades at its highest level in nearly two weeks above $2,360. Following the disappointing ADP Employment Change and ISM Services PMI data from the US, the 10-year US yield declines sharply, helping XAU/USD extend its daily rally.

Ripple made a comeback above $0.48 on Tuesday and hovers above that level in Wednesday’s European session. Ripple on-chain metrics such as transaction volume and Network Realized Profit/Loss (NPL) have turned bullish, supporting a recovery in the altcoin. 

Since a 1977 act, the dual mandate of the Federal Reserve (Fed) has de jure entrusted it with the objectives of maximum employment and price stability (the latter being expected to favour the former in the long term).