Page 108 - Urrencies News Today

The US Dollar (USD) is trying to claw back chart paper from the Japanese Yen (JPY) on Thursday, but struggling to decisively re-mount the 148.00 handle.

During the Asian session, Japan will release jobs data, and New Zealand consumer confidence data is due.

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The EUR/USD experienced its most significant decline in over a month, continuing the correction after reaching three-month highs above 1.1000.

In Thursday's session, the NZD/JPY initiated a bullish move, touching a peak of 91.38, it highest since April 2015.

The USD/CHF started the Thursday trading session negatively, dropping to 0.8685, setting fresh multi-month lows but then settling around 0.8750, courtesy of a strengthening of the US Dollar.

- Stocks move higher and bond yields lower as interest rate expectations are further dialed in after Fed Waller yesterday spoke about seeing case for rate cut in several months if inflation takes on course, suggesting a move in H1 2024, alongside a significant drop in German states and Spain’s CPI readings, ahead of Germany’s national reading at 08:00 ET.

A review of things you need to know before you sign off on Wednesday; OCR unchanged by hawkish RBNZ; smaller bank profits under pressure; FHBs reticent; swaps jump; NZD jumps, & more

The GBP/USD pair scales higher for the fifth straight day – also marking the eighth day of a positive move in the previous nine – and advances to a fresh three-month peak during the Asian session on Wednesday.

The AUD/USD rose to 0.6665, reaching the highest level in three months, and then pulled back, finding support above 0.6630.