Page 102 - Urrencies News Today

The Euro (EUR) continues to face downward pressure against the US Dollar (USD), prompting EUR/USD to revisit the proximity of the 1.0800 region, where some decent contention seems to have emerged so far on Tuesday.

EUR/JPY retreats for the seventh session in a row and breaches the key support at 159.00 the figure on Tuesday.

DXY extends the upside bias so far this week and flirts with multi-session tops in the 103.80/85 band on Tuesday.

Dollar recovery fails at 147.45 and keeps bears in charge.

The USD/CHF is continuing to climb for a second trading day, with the US Dollar (USD) getting propped up by broad-market risk-off flows rather than any specific weakness in the Swiss Franc (CHF), which is up over 3% against the USD since early November.

Mexican Peso (MXN) falls on Tuesday, extending its losses against the US Dollar (USD) in the early morning North American session after the USD/MXN briefly tested the 200-day Simple Moving Average (SMA), a critical resistance level.

USD/JPY is virtually unchanged late in the North American session, hovers at around the current week's highs after hitting a daily low of 146.55, exchanges hands at around 147.28, and gains 0.05%.

On Monday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1011 as compared to Friday's fix of 7.1104 and 7.1271 Reuters estimates.

A review of things you need to know before you sign off on Monday; no retail rate changes; terms of trade hold, services rise again, NZX50 promotion-relegation, swaps & NZD hold, gold at ATH, & more

Transition From Debt Default And Dollar Demise To A Digital Bridge Currency Recovery  :: The Market Oracle ::