Cryptocurrencies jumped after a US judge ruled on Thursday that Ripple Labs Inc did not violate federal securities law by selling its XRP token on public exchanges. Technical charts suggest Bitcoin and Ethereum could be preparing for another leg higher.

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Following a downside surprise in the recent US CPI data, the release of US June producer prices overnight further reinforces the narrative of abating inflation risks.

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The Australian Dollar slipped slightly after the Australian Government announced the Michele Bullock will be the new RBA Governor. It is widely seen as a safe option.

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This article examines positioning data for AUD/USD, NZD/USD and USD/CAD to gauge potential market sentiment and trading bias.

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USD/JPY deepens its losses as U.S. bond yields extend their decline following softer-than-expected U.S. CPI and PPI data. Meanwhile, GBP/USD explodes higher, breaking above the 1.3100 handle and hitting its best levels since April 2022.

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