XLM/USD Exchange rate

EUR/USD manages to regain extra upside traction on the back of the renewed sell-off in the Greenback, reaching fresh daily highs in the 1.0770 region, or. two-day peaks.

GBP/USD alternates gains with losses around the 1.2500 neighbourhood amidst extra weakness in the Dollar, while market participants continue to digest the BoE event.

XAU/USD trades within familiar levels but turned north early in the US session amid a sudden USD decline, resulting from discouraging US employment-related data as Initial Jobless Claims unexpectedly increased in the week ended May 3. Easing T-yields add to Gold gains.

Solana-based meme coins TREMP and BODEN post nearly 125% and 7% gains on Thursday. Former US President Donald Trump says his campaign will likely accept crypto donations. 

The Bank of England is undoubtedly turning more optimistic, but it’s keeping its options open amid some uncertainty surrounding the near-term inflation numbers. We still narrowly expect the first rate cut in August.