Bitcoin (BTC) extends its correction, trading below $111,000 at the time of writing on Thursday, as macroeconomic headwinds continued to pressure risk assets.
Not long ago, the long anticipated meeting between Donald Trump and Xi Jinping came to an end, but just from looking at the fx markets you might have missed it.
EUR/USD slid on Wednesday over 0.43% as the Federal Reserve delivered a “hawkish cut” after Fed Chair Jerome Powell said that “rate cut in December is far from foregone conclusion.” At the time of writing, the pair trades near weekly lows of 1.1601 with traders eyeing monthly lows of 1.1542.