Page 127 - Urrencies News Today

A review of things you need to know before you sign off on Thursday; October real estate market muted, stampede for NZGBs, trust details emerge, population surges, swaps stable, NZD holds, & more

The USD Index (DXY), which measures the greenback vs. a bundle of its main competitors, trades with humble losses around the 104.50 region on Thursday.

The USD/CAD pair attracts some buying on Thursday and sticks to its modest intraday gains, just below the 1.3700 round-figure mark through the first half of the European session.

Further weakness in USD/CNH remains in store in the short-term horizon, comment UOB Group’s Markets Strategist Quek Ser Leang and Economist Lee Sue Ann.

The Euro (EUR) manages to generate some upside traction against the US Dollar (USD), motivating EUR/USD to attempt a tepid bounce to the 1.0860 zone on Thursday.

Here is what you need to know on Thursday, November 16: Following the sharp decline seen on Tuesday after soft US inflation data, the US Dollar (USD) Index recovered modestly on Wednesday and managed to stretch higher early Thursday.

- DXY adds to Wednesday’s recovery and revisits the mid-104.00s.

- EUR/USD trades in a vacillating mood around 1.0850. - Further upside could see the next hurdle at 1.0945.

EUR/JPY advances further north of the 164.00 level and prints new yearly highs on Thursday.

2024 should be the year US exceptionalism wanes and currencies outside of the US are allowed to refloat, economists at ING report.