The GBP/USD exchange rate dropped sharply as the US Dollar Index (DXY) staged a strong comeback after the recent Federal Reserve news. If dropped to a low of 1.3688, down sharply from the year-to-date high of 1.3876.
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About Crispus Nyaga
Crispus Nyaga is a financial analyst, coach, and trader with more than 8 years in the industry. He has worked for leading companies like ATFX, easyMarkets, and OctaFx. Further, he has published widely in platforms like SeekingAlpha, Investing Cube, Capital.com, and Invezz. In his free time, he likes watching golf and spending time with his wife and child.
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The EUR/USD exchange rate pulled back sharply as investors reacted to Donald Trump's decision to nominate Kevin Warsh to become the next Federal Reserve Chairman. It retreated to a low of 1.1850, down from last month's high of 1.2080.
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The AUD/USD exchange rate pulled back sharply from a high of 0.7095 on Thursday to the current 0.6965. It will be in the spotlight ahead of the Reserve Bank of Australia (RBA) interest rate decision and US jobs data.
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The EUR/USD exchange rate rose to the important resistance level at 1.2000 for the first time in years after the Federal Reserve delivered its first interest rate decision of the year. It was trading at 1.1950 on Thursday morning, a few points below this week's high of 1.2087.
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Bitcoin price continued its consolidation on Thursday after the Federal Reserve delivered its interest rate decision and as ETF outflows continues. The BTC/USD pair was trading at 89,000 on Thursday, inside a range it has been in the past few days.
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The AUD/USD exchange rate continued its strong upward trend, reaching its highest level since November January 2023, after the Federal Reserve interest rate decision and the strong Australian inflation data. It rose to a high of 0.7017, much higher than last year's low of 0.5915.
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The GBP/USD exchange rate continued its strong rally, reaching its highest level since 2021. It jumped to a high of 1.3780, continuing a trend that started in November when it bottomed at 1.3030.
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The EUR/USD exchange rate soared and crossed the important resistance level at 1.2000 for the first time since 2021 as the US Dollar Index crash gained steam. It has jumped by nearly 18% from its lowest level in 2025.
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Bitcoin price remained in a tight range on Wednesday as investors continued to focus on the booming stock market and commodity prices. The BTC/USD pair was trading at 88,320, a few points above this week’s low of 86,200.
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The GBP/USD exchange rate continued its recent surge and reached its highest level since July last year as the US dollar sunk to the lowest level in four months. It jumped to a high of 1.3730, up sharply from the October low of 1.3016.
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Bitcoin price stabilized at a key support level as the recent crash stalled. The BTC/USD pair was trading at 87,810, down sharply from the year-to-date high of 98,000.
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The AUD/USD exchange rate gapped upwards, reaching its highest point since February 2023 as investors dumped the US dollar and moved to gold and other assets. It surged to a high of 0.6925 as traders waited for the upcoming Federal Reserve interest rate decision and Australian inflation data.
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