NEWS | 04/30/2025 10:01:40 GMT
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By FXStreet Team
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Editors’ Picks
EUR/USD stays in daily range below 1.1400 ahead of US GDP data
EUR/USD extends its sideways grind below 1.1400 in the European session on Wednesday. The data from Germany showed that the Gross Domestic Product (GDP) contracted at an annual rate of 0.2% in the first quarter, as anticipated. In the Eurozone, GDP expanded by 1.2% in the same period.Market focus shifts to US GDP data.
Gold drops below $3,300 ahead of US macro releases
Gold price struggles to lure buyers and trades below the $3,300 in the European session on Wednesday as signs of easing US-China trade tensions continue to undermine safe-haven assets. Key GDP and PCE inflation data releases from the US could trigger the next big action in XAU/USD.
GBP/USD trades with caution below 1.3400 ahead of key US data
GBP/USD remains on the back foot below 1.3400 in the European trading hours on Wednesday. The pair is under pressure as the US Dollar strengthens on renewed optimism surrounding US-China trade developments. But the further upside appears capped ahead of the US jobs, GDP and PCE inflation data.
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