Page 20 - Simple Moving Average News Today

Following a drop to multi-session lows near 1.0800, EUR/USD managed to stage a marked comeback, almost fully fading that initial knee-jerk and regaining the 1.0840 region on the back of the loss of upside traction in the US Dollar (USD) on Wednesday.

Mexican Peso edges lower against the US Dollar on Wednesday, posting modest losses ahead of the Bank of Mexico (Banxico) Q4 2023 report, which would update the view of monetary policy and projections.

Nio (NIO), a Chinese electric vehicle (EV) maker, started off on a better foot on Monday after the previous week's pullback.

The US Dollar (USD) trades with a mild negative bias during the Asian session on Tuesday and remains well within the striking distance of its lowest level since February 2 touched last week.

Gold price (XAU/USD) regains some positive traction following the previous day's modest pullback and holds steady above the $2,030 level during the Asian session on Tuesday.

Gold price is attempting another run toward the two-week highs of $2,041 reached on Friday, as the US Dollar keeps its downbeat tone intact amid renewed weakness in the US Treasury bond yields and ahead of the top-tier US economic data.

The EUR/USD pair is seen building on the previous day's goodish rebound from the 1.0815-1.0810 region and gaining some positive traction for the second straight day on Tuesday.

EUR/USD extended its recovery at the beginning of the week and registered its highest daily close since early February at 1.0850 on Monday.

USD/CAD settled to an intraday low of 1.3484 before rallying back above the 1.3500 handle after US Durable Goods Orders declined more than expected.

The US Dollar (USD) is flat for this trading session just minutes after the US opening bell. The Greenback was able to recover earlier losses with Durable Goods triggering some US Dollar strength. Meanwhile some easing unfolded on the