Page 129 - Urrencies News Today

The EUR/USD hit a fresh two-month high on Thursday, just below 1.0900, and then retreated, erasing daily gains towards 1.0850.

The EUR/USD pair struggles to capitalize on the previous day's blowout rally to the 1.0885-1.0890 area, or its highest level since August 31 and edges lower during the Asian session on Wednesday.

The USD/JPY pair attracts some dip-buying near the 150.20 area on Wednesday and recovers a part of the previous day's softer US CPI-led losses to a one-week low.

In the opinion of Markets Strategist Quek Ser Leang and Economist Lee Sue Ann at UOB Group, USD/JPY is now seen navigating within the 149.50-151.65 range in the next few weeks.

The Federal Reserve (Fed) doves got a big energy boost yesterday by a slightly lower-than-expected inflation report.

Following the recent price action, further gains appear on the table for AUD/USD in the short-term horizon, comment Markets Strategist Quek Ser Leang and Economist Lee Sue Ann at UOB Group.

I wonder whether overseas investors may be thinking whats in it for investing in Japan, said Rintaro Tamaki.

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Wednesday at 7.1752 as compared to the previous day's fix of 7.1768 and 7.2564 Reuters estimates.

The USD/JPY pair regains positive traction during the Asian session on Wednesday and reverses a part of the previous day's heavy losses to the 150.15 area, or a one-week low.

The New Zealand Dollar (NZD) climbs 0.36% against the US Dollar (USD), with buyers reclaiming the 0.6000 figure on Wednesday, courtesy of mixed data in the United States (US).