Page 117 - Urrencies News Today

On Thursday, the US Dollar measured by the DXY index saw little downward movements.

During the Asian session, New Zealand Q3 Retail Sales and Japan CPI and PMI data are due.

The EUR/USD rose on Thursday in a quiet session. The pair is hovering around 1.0900 as volume remains low, indicating further consolidation in the market.

On Thursday, the USD/CHF pair experienced minor losses, nudging lower to trade around the 0.8835 mark.

The EUR/JPY rose a decent 0.19% yet remains well below the latest cycle and a year-to-date (YTD) high at 164.30 on Thursday.

The Pound Sterling (GBP) continued to rally for the third straight day against the Japanese yen (JPY) on Thursday, courtesy of goodish economic data from the UK.

The GBP/USD pair trades with a positive bias for the fourth successive day on Wednesday and hovers around the 1.2535-1.2540 area during the Asian session, just below its highest level since September 9 touched the previous day.

The GBP/JPY cross struggles to capitalize on the previous day's solid recovery of over 150 pips from the 184.45 area, or a two-and-half-week low and oscillates in a narrow trading band during the Asian session on Wednesday.

The USD/JPY kicked off Tuesday with a quick drop from the 148.40 region into a new ten-week low near 147.15, but the US Dollar (USD) managed to recover its balance and reclaim the 148.00 handle, bolstered against the Japanese Yen (USD) by a softly hawkish Federal Reserve (Fed) Meeting Minutes release.

The AUD/USD reached fresh three-month highs near 0.6600 and turned to the downside as the US Dollar strengthened, recovering from monthly lows.