Economists at ING expect the EUR/USD pair to suffer further losses in the coming days.Contained impact from ECB speakers
“The latest ECB remarks have not had a huge impact on the Euro. Markets probably feel quite comfortable with the current pricing, and the Euro’s sensitivity to the September/October pricing has not been very high anyway.”
“Ultimately, EUR/USD remains a Dollar – and primarily a US debt ceiling – story for now.”“There are downside risks that extend below the 1.0900 mark in our view in the coming days, and well below such level should money market liquidity start to dry up. That is not our base case, but a resolution to the debt-ceiling chaos may still follow a bumpy road and this does not appear to be the ideal time for a big rally above 1.1000 for the overbought EUR/USD.”
BoE set to raise key rate by 25 bps, how will GBP react? – LIVE
The Bank of England (BoE) is widely anticipated to raise its key rate by 25 basis points to 4.5% following the May policy meeting. Revised economic projections and Governor Andrew Bailey’s comments on the policy outlook could ramp up Pound Sterling volatility.
EUR/USD drops toward 1.0900 amid renewed USD demand, ECB-speak
EUR/USD is dropping toward 1.0900 in the early European morning. ECB policymaker Nagel dismisses reports of ECB rate hikes likely to continue in September. Meanwhile, the US Dollar rebound regains traction ahead of the US PPI data and Fedspeak.
Gold trades with modest losses amid renewed US Dollar buying
Gold price extends the previous day’s late pullback from the vicinity of the $2,050 level, or the weekly high, and remains under some selling pressure for the second straight day on Thursday.
Bittrex to receive 250 BTC loan valued at $7M to commence its bankruptcy case
United States Judge, Brendan Shannon, has approved Bittrex exchange’s request for 250 Bitcoin (BTC) to kickstart the bankruptcy case. Based on the prevailing rates, that much crypto is worth approximately $7 million.
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