XPD/USD Exchange rate
Editors’ Picks
EUR/USD grinds higher toward 1.1200 ahead of EU, US inflation data
EUR/USD has picked up fresh demand and heads toward 1.1200 in European trading on Friday. The upbeat market mood and a steady US Dollar underpin the pair but the further upside appears capped ahead of the critical Eurozone and US inflation data releases.
GBP/USD advances toward 1.3200 ahead of US PCE data
GBP/USD is gaining ground in the European trading hours on Friday, approaching 1.3200 as risk sentiment remains in a sweeter spot. Traders, however, could refrain from placing further bets on the pair ahead of the all-important US PCE inflation data.
Gold stretches mini-range after strong US data caps upside
Gold trades mixed on Friday, edging up to trade in the $2,520s as the European session progresses. The precious metal started the day down after market sentiment turned positive following the release of surprisingly upbeat data from the US.
Easing Eurozone inflation to back an ECB rate cut in September Premium
Eurostat will publish the preliminary estimate of the August Eurozone Harmonized Index of Consumer Prices on Friday, and the anticipated outcome will back up the case for another European Central Bank interest rate cut when policymakers meet in September.
Bitcoin struggles below $60,000 mark
Bitcoin and Ripple prices hover around their critical support level; closing below could signal a decline ahead. While the Ethereum price finds rejection around its resistance level, eyeing a bearish move on the horizon.