Gold price ignores the rebound in the US dollar across the board and draws support from the weakness in the Treasury yields, as Fed Chair Powell tempered the recent hawkish rhetoric and downplayed inflation worries.
Not only the PMIs but Fedspeak and updates over covid, as well as US stimulus, will also be crucial to watch going forward.
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EUR/USD drops for the first time in three days, takes offer around intraday low.
GBP/USD sellers attack intraday low near 1.3940, keeping choppy moves inside a 10-pips trading range, amid the Asian session on Wednesday.
Shiba Inu price appears to have not taken a big hit compared to BTC and other altcoins in terms of drawdown.
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