Page 78 - Simple Moving Average News Today

EUR/USD registered losses for the second consecutive week but managed to stabilize at around 1.0750 early Monday.

Mexican Peso (MXN) starts the week with a negative tone and loses traction against the US Dollar (USD) in early morning trading during the North American session.

The US Dollar (USD) is steady in the green on Monday at the last week of normal trading for 2023. Some volatility picks up in the commodity complex as headlines are being issued that a COP28

The EUR/GBP pair is testing the low end but still trapped firmly within near-term consolidation as the Euro (EUR) struggles to find meaningful momentum against the Pound Sterling in either direction.

The AUD/USD remains steady around 0.6560 as the week begins, which includes an FOMC meeting and the Australian jobs report.

The USD/JPY has pared back the majority of losses from last week’s Bank of Japan (BoJ)-fueled plunge, pulling back from four-month lows below 142.00 to aim squarely at the 147.00 handle.

Spot Gold saw further declines on Monday, slipping back below the $2,000 handle to ease into the $1,980 neighborhood as markets get set for a fresh round of US Consumer Price Index (CPI) inflation figures on Tuesday.

In Monday's session, NZD/JPY is viewed at 89.465, following a subtle 0.80% upward rally.

The EUR/USD is seeing drift around the 1.0750 price level as markets gear up for a hectic trading week.

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