Page 135 - Urrencies News Today

The US Dollar (USD) slides on Monday with the DXY index, which measures the value of the US Dollar versus a basket of global currencies, falling to 105.60 on the back of declining US bond yields and investors taking profits from last week’s gains.

EUR/JPY continues to advance for the second straight day, gaining traction toward 162.50 in late trading during the North American session, amid a risk-on impulse and despite Japanese authorities' intervention threats.

The NZD/JPY saw little downward movements on Monday near the 89.15 area as bulls continued consolidating a solid start of the month.

The AUD/USD gathered momentum on Monday, trading at the 0.6375 level, with 0.30% gains, and the pair's price dynamics were set by a soft US Dollar, which seems to be consolidating last week’s gains.

The critical report on Tuesday is the US Consumer Price Index.

The USD/JPY paired some of its earlier losses after plunging 67 pips in the last hour to a daily low of 151.20 amid the lack of news and reiterating comments of Japanese authorities that FX moves are undesirable and reflect fundamentals.

The EUR/USD rose on Monday, finding support around the 1.0560 area, driven by a weaker US Dollar and a decline in US yields.

Mexican Peso (MXN) loses some ground against the US Dollar (USD) early during the North American session on Monday.

The Canadian Dollar (CAD) is finding little momentum in thin holiday markets, with the majority of Canadian provinces and territories taking the day off in observance of Remembrance Day.

The EUR/USD is drifting in light Monday trading ahead of Tuesday's headline data drop featuring EU Gross Domestic Product (GDPO) and US Consumer Price Index (CPI) inflation figures.