Page 23 - Urrencies News Today

The Australian dollar resumed the upward trend following a negative start to the week, prompting AUD/USD to chart humble gains around the mid-0.6500s The slight uptick in AUD/USD occurred despite the equally marginal advance in the Greenback, as well as the continuation of the intense sell-off in iron ore prices, which reached multi-month lows near the $126.00 yardstick in response to increasing inventories and heightened uncertainty surrounding the Chinese housing market.

The US Dollar Index (DXY) is currently trading neutrally near the 103.80 mark.

The Aussie Dollar registers minuscule gains against the US Dollar as Friday’s Asia session begins.

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Friday at 7.1064 as compared to the previous day's fix of 7.1018 and 7.2008 Reuters estimates.

A review of things you need to know before you sign off on Friday; no retail rate changes, awful retail trade results, FHB affordability improves, WIA borrows big, swaps up, NZD firm, & more

Here is what you need to know on Friday, February 23: After dropping to its weakest level in three weeks, the US Dollar (USD) Index staged a rebound amid rising Treasury bond yields and closed flat on Thursday before stabilizing near 104.00 early Friday.

The US Dollar Index (DXY) is currently at 104.10, mildly higher thanks to stable conditions in the American economy.

EUR/USD reversed its direction after climbing toward 1.0900 on Thursday and closed the day virtually unchanged below 1.0850.

The EUR/USD pair attracts some dip-buying on Friday and seems to have stalled the previous day's retracement slide from the vicinity of the 1.0900 mark, or a nearly three-week high.

- The USD Index (DXY) extended its weekly decline below 104.00.