US monetary policy expectations may be too hawkish, with political pressures potentially driving looser policy and weighing on the US Dollar (USD).
The Euro (EUR) trades on the front foot against the US Dollar (USD) on Wednesday as the Greenback remains under sustained selling pressure amid dovish Federal Reserve expectations, while traders digest the latest US services sector data.
Ripple (XRP) is trading at around $2.17 at the time of writing, as bulls push to regain control of the trend. Despite the broader cryptocurrency market's bearish outlook, XRP has risen for the second consecutive day, signaling a potential bullish shift.