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Canada Gross Domestic Product (MoM) in line with expectations (-0.1%) in May thumbnail

Canada Gross Domestic Product (MoM) in line with expectations (-0.1%) in May

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Editors’ Picks

AUD/USD: Bears remain in control

AUD/USD: Bears remain in control

AUD/USD treaded water around its five-week lows in the 0.6430-0.6420 band on Thursday. Indeed, spot failed to recoup upward momentum after five consecutive daily drops on the back of rising US Dollar strength, boosted by strong data, trade fears, and Powell’s hawkish rhetoric.

EUR/USD: Free-falling

EUR/USD: Free-falling

EUR/USD managed to reverse a multi-day negative streak, clocking decent gains and revisiting the 1.1460 zone on Thursday. The pair’s recovery came despite the Greenback advanced marginally, extending its rally to new two-month peaks following renewed trade effervescence and investors’ assessment of the latest Fed gathering.

Gold faces some selling bias, confronts $3,300

Gold faces some selling bias, confronts $3,300

Gold is now struggling to extend its rebound further north of the $3,300 mark per troy ounce on Thursday. The precious metal maintain its bullish bias in tandem with declining US yields across the spectrum and some tepid losses in the Greenback.

Ripple Price Prediction: XRP could accelerate losses below $3.00

Ripple Price Prediction: XRP could accelerate losses below $3.00

Ripple (XRP) price is on the back foot, retracing slightly to trade at $3.09 on Thursday. An attempt to step above resistance at $3.32 failed, reflecting low demand retail and a shift in market sentiment, following Wednesday’s United States (US) Federal Reserve (Fed) interest rate decision.

US – Fed review: FOMC divided over tariff risks

US – Fed review: FOMC divided over tariff risks

The FOMC remains divided over the best course of action amid tariff uncertainty. The key question is whether the tariffs pose a larger downside risk to labour markets or an upside risk to inflation? 

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