Page 125 - Urrencies News Today

Japan's Deputy Finance Minister Ryosei Akazawa crossed the wires in the last hour and reiterated that the government will intervene in the FX market to curb excess volatility.

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Friday at 7.1728 as compared to the previous day's fix of 7.1724 and 7.2473 Reuters estimates.

The EUR/USD pair stalls the overnight modest pullback from the 1.0900 neighbourhood, or its highest level since August 31 and oscillates in a narrow trading band during the Asian session on Friday.

The GBP/JPY cross remains under some selling pressure for the second straight day on Friday and moves further away from its highest level since November 2015, around the 188.25-188.30 area touched earlier this week.

Following Thursday's indecisive action, EUR/USD extended its sideways grind at around 1.0850 early Friday.

The Euro (EUR) loses some upside momentum against the US Dollar (USD), prompting EUR/USD to trade slightly on the defensive around the 1.0840 zone at the end of the week.

Here is what you need to know on Friday, November 17: Financial markets stay relatively quiet for the third straight day on Friday in the absence of fundamental drivers.

Bruised dollar awaits FOMC minutes It’s been a tough month for the US dollar.

- DXY resumes the decline and puts 104.00 to the test. - Extra losses appear on the cards on the breach of 104.00.

After a down week, Pound Sterling buyers fought back control against the United States Dollar (USD), sending GBP/USD briefly above 1.2500 to a two-month high.