Page 20 - Urrencies News Today

Unless you were out caving, like Lando Norris was and missed out on when the Lewis Hamilton to Ferrari news broke, you likely heard that Equities hit fresh record highs last week in several markets from Europe to Japan.

The Mexican Peso appreciated against the US Dollar in early trading on Thursday after an inflation report in the United States was revealed, while Initial Jobless Claims rose above expectations for the first time in four consecutive weeks.

The USD/JPY trades with losses below the Tenkan-Sen level of 150.03, following “hawkish” comments by a Bank of Japan (BoJ) member, Takata.

The US Dollar Index (DXY) is trading near 104 and keeps gaining traction due to markets delaying rate cuts from the Federal Reserve (Fed).

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AUD/USD added to Wednesday’s decline and breached the key support at 0.6500 on the back of the firmer note in the US Dollar (DXY) on Thursday.

In Thursday's session, the NZD/JPY pair is trading substantially lower at around the 91.20 level, implying a potent selling momentum marking a 0.73% decrease on the day.

The persistent buying pressure in the US Dollar weighed further on the risk-associated universe, against the backdrop of further signs of the loss of momentum in inflation on both sides of the Atlantic and steady bets of interest rate reductions by the Fed and the ECB at some point this summer.

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The EUR/JPY snaps two days of gains and drops on Thursday, following hawkish remarks by a Bank of Japan (BoJ) official.