Page 138 - Urrencies News Today

The Euro (EUR) maintains its consolidative mood well in place against the US Dollar (USD), prompting EUR/USD to navigate within a narrow range around the 1.0700 region on Thursday.

The AUD/USD pair attracts some buying during the Asian session on Thursday and for now, seems to have snapped a three-day losing streak to the weekly low touched the previous day.

Singapore News - The Monetary Authority of Singapore (MAS) unveiled the 2024 Year of the Dragon Almanac coins on Thursday. The coins, which are legal tender at face value, will be issued on Jan 1, 2024. The coins feature a dragon against the backdrop of Gardens by the Bay. The... Read more at www.tnp.sg

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1772 as compared to the previous day's fix of 7.1773 and 7.2723 Reuters estimates.

The GBP/USD pair stalls the overnight modest bounce from the 1.2240 area or the weekly low near the 100-hour Simple Moving Average (SMA) and oscillates in a narrow trading band during the Asian session on Thursday.

The USD/JPY pair lacks any firm intraday direction on Thursday and oscillates in a narrow band during the Asian session, just below the 151.00 mark, or a one-week high touched the previous day.

The VIX index, a key measure of fear in the U.S. equity market, plummeted by over 20%, indicating a rising risk-on sentiment.

The USD/CAD pair ticks lower during the Asian session on Thursday and for now, seems to have snapped a three-day winning streak to a weekly high, around the 1.3815 region touched the previous day.

A review of things you need to know before you sign off on Thursday; Crown accounts confirm deficits, fewer job ads, BNZ posts record profit, huge NZGB demand, swaps lower, NZ stable, & more

Further decline looks on the cards for USD/CNH once sellers break below the 7.2700 level, argue Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group.