NEWS | 08/21/2025 14:00:23 GMT
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By FXStreet Team
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Editors’ Picks
EUR/USD drops below 1.1650 on upbeat US PMI data
EUR/USD comes under renewed bearish pressure and trades in the red below 1.1650 in the second half of the day on Thursday. The US Dollar benefits from the August PMI data, which showed that the private sector’s economic activity expanded at a faster pace than expected, and weighs on the pair.
GBP/USD retreats below 1.3450 on renewed USD strength
GBP/USD loses traction and trades below 1.3450 in the American session on Thursday. The data from the US showed that the S&P Global Composite PMI improved to 55.4 in August’s flash estimate, supporting the USD and causing the pair to stretch lower.
Gold struggles to extend recovery, stays below $3,350
Gold struggles to build on Wednesday’s gains and trades below $3,350 in the American session on Thursday. The benchmark 10-year US Treasury bond yield stays in positive territory above 4.3% after upbeat US PMI data, limiting XAU/USD’s upside.
Crypto Today: Bitcoin, Ethereum, XRP faces pressure after recent recovery
Bitcoin, Ethereum, and Rippleremain steady at press time on Thursday, following minor turbulence after the release of the FOMCmeeting minutes on Wednesday. The meetings set the tone for the US Jackson Hole economic policy symposium, which starts on Thursday, focusing on transitions in the labor market.
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