Page 137 - Urrencies News Today

USD/JPY as covered in previous posts lifted from 128.00’s around March 2022 and historically from a terrible location based on my model review.

Bitcoin is outperforming both the S&P 500 and the "Magnificent 7" Big Tech stocks this year, with its price doubling since FTX collapsed a year ago.

Mexican Peso (MXN) remains on the defensive against the US Dollar (USD), hitting a weekly low of 17.93 as shown by the USD/MXN due to hawkish comments by US Federal Reserve (Fed) Chair Jerome Powell.

The key report for the week will be on Tuesday with the US Consumer Price Index.

The USD/CHF is on the high side for the week after Federal Reserve (Fed) Chairman Jerome Powell propped up the US Dollar (USD) with hawkish comments, sending broader market sentiment into a tailspin.

I don’t think investing is all that hard, but you need to pay attention to what economists call opportunity costs.

The USD/JPY prolongs its rally to five consecutive days, exchanging hands above the 151.00 figure, shy of challenging the 15-year high reached on October 31 at 151.72.

The GBP/USD pair dropped gradually throughout the week, primarily driven by a stronger US Dollar and on the back of subdued UK data and dovish comments from Bank of England (BoE) policymakers.

The Canadian Dollar (CAD) is in the red again this week, set to close down for the fifth trading day in a row, its worst day-on-day performance since April.

Overview: A poor reception to the 30-year Treasury sale and Federal Reserve Powell pledged to raise rates again, if necessary, not exactly a new ground, but it spooked the doves--driving rates sharply higher and fueling a strong dollar recovery.