Page 133 - Urrencies News Today

The USD/CHF saw an impressive downward spiral on Tuesday, declining near 0.8915, seeing a loss of more than 1%, mainly driven by a broad US weakness following the report of October inflation figures from the US.

EUR/GBP reversed its course after hitting a daily high of 0.8730, retreating toward the 0.8700 figure in the mid-North American session after economic data from the Eurozone (EU) and the United Kingdom (UK) favored the latter.

Mexican Peso (MXN) rallies against the US Dollar (USD) as investors speculate the Federal Reserve (Fed) has finished tightening monetary policy following a softer-than-expected inflation report in the United States (US).

The EUR/USD experienced a significant surge of around 200 pips due to a Dollar selloff triggered by the release of US consumer inflation data.

The USD/JPY suffered significant setbacks in Tuesday's session, falling towards the trajectory of the pair being set by soft CPI data from the US.

The EUR/JPY has hit its highest prices since 2008, a fifteen-year high for the pair as the safe haven Japanese Yen (JPY) falls back against the Euro (EUR).

The EUR/USD is climbing on Tuesday, rising over 1.8% from bottom to top as the Euro (EUR) finds a firm bid against the US Dollar (USD).

The USD/NOK faced severe selling pressure on Tuesday, reaching 10.880 and seeing 1.70% losses.

The US Dollar (USD) experienced a substantial downward movement in Tuesday's session, and the DXY index, which measures the value of the US Dollar versus a basket of global currencies, tanked to 104.25 driven by a lower-than-expected CPI and dovish bets on the Fed.

Another busy day lies ahead. During the Asian session, key reports will include Japan's Q3 GDP, Australia's Wage Price Index and Chinese Retail Sales and Industrial Production figures.