Page 109 - Urrencies News Today

The GBP/JPY retreats on Tuesday by more than 0.20%, as the Japanese Yen (JPY) appreciated further against most G8 FX currencies.

On Wednesday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1031 as compared to the previous day's fix of 7.1132 and 7.1340 Reuters estimates.

Here is what you need to know on Wednesday, November 29: Asian markets were a mixed bag on Wednesday, as they shrugged off a modest uptick on Wall Street overnight.

The EUR/USD pair surrenders its intraday gains to the highest level since August 10 and slides back below the 1.1000 psychological mark during the early European session on Wednesday.

Ulrich Leuchtmann, Head of FX and Commodity Research at Commerzbank, highlights that sometimes the market moves on its own accord.

The Australian Dollar (AUD) extended its earlier losses against the US Dollar (USD) on Wednesday after the US economy in the third quarter, grew at a faster pace than expected, suggesting the US Federal Reserve’s job is not done.

The Euro could not sustain another bout of strength past the 1.1000 mark against the US Dollar on Wednesday, prompting EUR/USD to recede to the 1.0990 region in the wake of the opening bell in Europe.

Mexican Peso (MXN) retreats against the US Dollar (USD) in an early trading session on Wednesday after the US Department of Commerce revealed the economy in the United States (US) is growing above trend, which could warrant further action by the US Federal Reserve’s (Fed).

The US Dollar (USD) Index (DXY) is seeing modest growth, trading at 102.85 on Wednesday.

The EUR/USD hit a fresh three-month high at 1.1016 but failed to hold above 1.1000 and pulled back, despite risk appetite.