Page 100 - Urrencies News Today

ASB economists estimate that average household living costs will have increased by about $115 a week in 2023 - and with a further $70 hike to come next year, but income rises will probably beat that

The AUD/JPY cross remains under some selling pressure for the second successive day on Tuesday and touches a three-week trough during the Asian session.

The AUD/USD reached its highest level in four months at 0.6689 and then sharply reversed, falling towards 0.6600.

A deeper pullback emerges on the horizon in case USD/CNH breaches 7.1100 in the near term, suggest UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia.

Here is what you need to know on Tuesday, December 5: The US Dollar (USD) capitalized on safe haven flows and rising US Treasury bond yields to outperform its major rivals to start the week.

The AUD/USD pair extends the overnight retracement slide from the vicinity of the 0.6700 mark, or over a four-month high and drifts lower for the second straight day on Tuesday.

After closing in negative territory on Monday, EUR/USD extended its slide and touched its lowest level in three weeks near 1.0800 early Tuesday.

The Dollar threads water with the CHF favoured by the negative risk sentiment.

The EUR/USD shed half a percent as broader markets tossed aside sentiment and flipped risk averse to kick off the new trading week.

A review of things you need to know before you sign off on Tuesday; no retail rate changes, construction slows, rentals boost vehicle sales, company taxes sag, commodity prices soften, swaps hold, NZD dips, & more