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EUR/USD appreciates to near 1.0850 despite less-dovish sentiment surrounding the Fed
The EUR/USD pair breaks its four-day losing streak, trading around 1.0840 during the Asian session on Friday. However, the US Dollar received support and reached a two-month high of 103.87 on Thursday, supported by a solid US Retail Sales report, which fueled expectations that the Federal Reserve may implement nominal rate cuts.
GBP/USD ticks higher to 1.3025 area on softer USD, BoE rate-cut bets cap gains
GBP/USD recovers further from a two-month low, albeit the upside potential seems limited. The USD bulls opt to take some profits off the table, which, in turn, lends support to the pair. An unexpected fall in the UK inflation reaffirms bets for more BoE rate cuts and caps the GBP.
Dogecoin whale activity takes a hit, will DOGE price plummet?
Dogecoin notes a drop in the count and volume of whale transactions in the last two days. On-chain data from IntoTheBlock shows that whales have likely slowed down their activity. DOGE adds nearly 3% to its value on the day and the largest meme coin trades at $0.1329.
XRP is back above $0.55 with uncertainty over SEC appeal in lawsuit against Ripple
Ripple gains on Thursday as traders digest the uncertainty in the Securities & Exchange Commission’s appeal in the lawsuit. A spokesperson from the US-based financial regulator has confirmed that the process has been followed and the relevant documents will be available publicly soon.
Solana Price Forecast: SOL hovers above $150 as interest in building on its blockchain doubles in 2024
Solana hovers around the $150 level on Thursday. Recent gains in the native token of the Solana blockchain are likely catalyzed by rising investor and developer interest.