Page 113 - Urrencies News Today

The Euro gives away initial gains against the US Dollar, motivating EUR/USD to surrender part of the earlier advance to the 1.0960 zone at the beginning of the week.

In Monday's trading session, the USD/JPY pair is experiencing a downturn, anchored currently at the 148.90 mark.

The EUR/USD posted its highest daily close in three months as it continues to move with a clear bullish bias, supported by a weaker US Dollar across the board.

EU mid-market update: Concern with Germany for other skeletons in the budget closet; Mid-East 'truce' seen to be extended slightly.

In Monday's trading session, the USD/NOK plummeted, dipping below both the 200 and 100-day Simple Moving Averages and standing around 10.650.

The greenback's struggles could drag on into 2024 amid signs that the central bank is set to wind down its tightening campaign.

The US Dollar (USD) Index hovers at 103.40 in neutral territory.

EUR/JPY rally showed some weakness on Monday, with the pair witnessing a two-week high of 163.72, but buying pressure fades as the cross retreats below the 163.00 figure toward the 162.00 handle.

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