Page 104 - Urrencies News Today

The Euro has trimmed some losses during Monday’s Asian session with investors taking profits after having depreciated more than 2% in the last two weeks.

The US Dollar’s mild recovery attempt seen early on Monday has found support right below the 0.8760 resistance area, which leaves the pair treading water near four-month lows.

The AUD/USD pair attracts some intraday sellers in the vicinity of the 0.6700 mark, or over a five-month top touched during the Asian session on Monday and drops to a fresh daily low in the last hour.

The Australian Dollar is losing ground amid a sourer market mood Tuesday’s RBA decision will set the Aussie’s near-term path.

The US Dollar is licking its wounds near three-month lows at 146.25, as the recovery attempts seen earlier on Monday have failed to extend above 147.00.

EUR/JPY accelerates its losses and puts the 159.00 support to the test at the beginning of the week.

USD/IDR could recede to the 15,350 region in the next few weeks, notes Markets Strategist Quek Ser Leang at UOB Group.

Extra decline in USD/MYR still appears in store in the short term in the view of Markets Strategist Quek Ser Leang at UOB Group.

The US Dollar (USD) edged higher on Monday, with the Dollar Index (DXY) sailing past the 103.70 mark, above the 200-day Simple Moving Average (SMA) and pushing a sour market mood amid rising Treasury yields.

NZD/USD retreats late in the Monday North American session after rallying to a new four-month high of 0.6226, but a repricing for a less dovish US Federal Reserve witnessed a jump in US bond yields.