FXOpen

The euro and the pound have retreated after setting new yearly highs and are now trading near key levels, reflecting a wait-and-see stance as markets look ahead to major events in the coming sessions.

Major dollar pairs have shifted into a corrective rebound following the sharp sell-off seen last week.

As the AUD/USD chart shows, the Australian dollar is holding above the psychological 0.700 level today after a bullish impulse triggered by the market's reaction to the Reserve Bank of Australia's (RBA) decision to raise the Cash Rate from 3.60% to 3.85%.

On Wednesday, after the close of the regular trading session, Microsoft (MSFT) released its quarterly earnings report, which exceeded analysts' expectations.

Yesterday, financial markets were closely watching statements from central banks regarding interest rates, including the Federal Reserve and the Bank of Canada.

EUR/USD started a fresh surge above 1.1900 and 1.2000. USD/CHF declined further and is now struggling below 0.7750.

According to AccuWeather, a powerful Arctic cold front is expected to sweep across the United States, reaching as far south as the southern states and bringing lower temperatures to more than 150 million people across 24 states.

Capital flows into gold amid rising geopolitical and broader market risks, together with Jerome Powell's remarks about potential criminal prosecution, have not only driven XAU/USD to record highs (as discussed earlier today) but have also put pressure on the US Dollar Index (DXY).

As the BTC/USD chart shows, the price of the leading cryptocurrency briefly dipped below the psychological $90k level this morning, despite trading above $94k earlier in the week.Why is Bitcoin fallin