Forex Today: BoE policy decisions, US data to keep volatility going – by eren_fxstreet Majors Currencies Macroeconomics CentralBanks Commodities
closed the third straight day in negative territory and stretched lower toward 1.0900 early Thursday.
Pressured by surging US Treasury bond yields after the upbeat ADP private sector employment data on Wednesday,price declined sharply. After touching a multi-week low at $1,930 early Thursday, XAU/USD staged a rebound toward $1,940.failed to build on Tuesday's recovery gains and lost nearly 2% on Wednesday. BTC/USD stays on the back foot and trades slightly below $29,000 in the European session. Similarly, Ethereum declined 1.8% on Wednesday and continued to push lower in the Asian session.
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