ADA/USD (Kraken) Exchange rate

AUD/USD rebounds sharply and manages to reclaim the area beyond the 0.7000 threshold on Wednesday. Indeed, the pair sets aside two daily drops in a row and regains balance on the back of the marked pullback in the Greenback as investors keep assessing the results from the US Midterms elections.

EUR/USD could not sustain the earlier bull run to the 1.1270 region, returning to the low-1.1200s amid decent gains ahead of the opening bell in Asia on Thursday. The extra weakness in the US Dollar lent further support to the pair’s recovery as market participants continue to parse the Democrats’ win at the US Midterm elections. Moving forward, the weekly US jobs report is due on Thursday ahead of the speech by the ECB’s Largarde.

Gold manages to regain some composure, leaving behind two consecutive daily pullbacks and reclaiming the area above the key $4,000 mark per troy ounce on Wednesday. The strong decline in the US Dollar, shrinking US Treasury yields across the curve and lower crude oil price all contributes to the yellow metal’s recovery.