1.Gold price is consolidating losses in early Thursday’s trading, having touched the lowest level in five months at $1,890. XAUUSD sellers are biding time before the next push lower, as the United States Dollar (USD) continues to garner demand heading into a fresh batch of mid-tier US economic data.
2.GBPUSD is trading cautiously, pressured by sustained US Dollar buying. Bets for one more Fed rate hike in 2023 and a weaker risk tone underpin the safe-haven Greenback. Expectations for further policy tightening by the BoE to limit losses for the Pound Sterling.
3.EURUSD is on the defensive below 1.0900 in the early European trading hours this Thursday. The US Dollar maintains a buoyant tone amid a cautious market mood and renewed hawkish Fed expectations. Traders await the mid-tier US data.
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