Page 136 - Urrencies News Today

The EUR/GBP is softening ahead of a key data double-header for both the EU and the UK, with labor, wages, and Gross Domestic Product (GDP) numbers.

On Friday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1771 as compared to the previous day's fix of 7.1772 and 7.2963 Reuters estimates.

The EUR/USD pair remains depressed during the Asian session on Friday and is currently placed near the lower end of its weekly range, just above mid-1.0600s.

The AUD/NZD has fallen back into the 1.080 region as the Aussie (AUD) wins the slow race between itself and the Kiwi (NZD) for weakest links in Thursday trading, with both currencies either declining or seeing all gains erased on the day.

The GBP/USD pair enters a bearish consolidation phase on Friday and oscillates in a narrow band, around the 1.2220-1.2225 area, just above a one-week low touched during the Asian session.

A review of things you need to know before you sign off on Friday; no retail rate changes, rental yields tick higher, PMI slumps, less ready-mixed concrete, swaps turn higher, NZD stable, & more

The Fed Chair’s stern warning indicated that the Fed’s monetary tightening efforts are far from concluded, prompting a resurgence of the dollar’s strength.

The Euro (EUR) keeps a tight range against the US Dollar (USD), prompting EUR/USD to gyrate around the 1.0670 region at the end of the week.

EUR/USD came under bearish pressure and declined below 1.0700 in the late American session on Thursday.

Here is what you need to know on Friday, November 10: The US Dollar went into a consolidation phase early Friday after outperforming its major rivals on Federal Reserve (Fed) Chairman Jerome Powell's hawkish remarks late Thursday.