Silver dropped sharply on Wednesday, pressured by surging US interest rates and weak industrial sentiment, as the market tests support near the $32 consolidation floor.
The euro reversed gains near 1.12 as rising US interest rates and long-term resistance triggered a pullback, with traders eyeing 1.0950 support and 1.13 resistance.
The Australian dollar gave back gains on Wednesday, failing at 0.65 as rising US interest rates and Chinese economic uncertainty kept the pair in a sideways range.
The US dollar is showing renewed strength against the Swiss franc as climbing US interest rates and minimal Swiss returns attract buyers near key technical levels.
Markets have continued to see a recovery in stocks and other risky asset such as Bitcoin, with the US Dollar also gaining as the US Federal Reserve keeps interest rates unchanged with somewhat hawkish rhetoric.
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