Page 110 - Urrencies News Today

The EUR/GBP is extending its ongoing bearish momentum, slipping into 0.8640 and set for a fifth straight day of declines as the Euro (EUR) continues to give up ground to the Pound Sterling (GBP).

The highlight of the Asian session will be China's PMIs. Japan will release Industrial Production, Retail Trade, Consumer Confidence, and Housing Starts.

The greenback alternates gains with losses near the 103.00 neighbourhood when gauged by the USD Index (DXY) on turnaround Tuesday.

The Euro has so far abandoned its march north against the US Dollar, motivating EUR/USD to leave behind the area of recent peaks around 1.0960 on Tuesday.

Mexican Peso (MXN) prints slim losses against the US Dollar (USD), with the USD/MXN virtually unchanged, up by a marginal 0.01%, after hitting a daily high of 17.21.Market participants are digesting recent comments from US Federal Reserve (Fed) officials, Christopher Waller and Chicago Fed President Austan Goolsbee.

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1132 as compared to the previous day's fix of 7.1159 and 7.1432 Reuters estimates.

Moscow has encountered several complications since India insisted on paying for Russian oil in rupees rather than dollars.

A review of things you need to know before you sign off on Tuesday; no retail rates changes, strong worker inflows, wind generation capacity important now, solid payroll growth, swaps lower, NZD stable, & more

The Japanese Yen (JPY) strengthens against the US Dollar (USD) for the third successive day on Tuesday and is supported by the increasing likelihood of a policy shift by the Bank of Japan (BoJ).

The EUR/USD pair retreats a few pips after testing its highest level since August 11, around the 1.0965 area this Tuesday and trades with a mild negative bias during the early European session.