Page 21 - Urrencies News Today

The Australian Dollar pared some of its losses against the US Dollar on Tuesday and finished the session with minimal gains of 0.05%.

The NZD/USD pair attracts heavy selling after the Reserve Bank of New Zealand (RBNZ) announced its policy decision and dives to over a one-week low in the last hour.

A review of things you need to know before you sign off on Wednesday; OCR unchanged with dovish spin; KiwiSaver balances swell; FHBs topped out, labour market holds, swaps drop, NZD drops, & more

On Wednesday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1075 as compared to the previous day's fix of 7.1057 and 7.2023 Reuters estimates.

The USD/CAD pair scales higher for the fourth successive day on Wednesday and climbs to a nearly two-week high, around the 1.3545 region during the Asian session.

The GBP/USD pair comes under heavy selling pressure following the previous day's two-way directionless price moves and drops to the 1.2665 region during the Asian session on Wednesday.

Hungarian central bank cut policy rate by 100 basis points so that key interest rate is at 9.0% In Croatia, 4Q23 GDP accelerated to 4.3% y/y, marking the strongest growth rate during 2023, and wrapping FY23 performance at 2.8%.

Following a drop to multi-session lows near 1.0800, EUR/USD managed to stage a marked comeback, almost fully fading that initial knee-jerk and regaining the 1.0840 region on the back of the loss of upside traction in the US Dollar (USD) on Wednesday.

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1057 as compared to previous day's fix of 7.1080 and 7.1945 Reuters estimates.

The US Dollar (USD) trades with a mild negative bias during the Asian session on Tuesday and remains well within the striking distance of its lowest level since February 2 touched last week.