Page 32 - Urrencies News Today

In Tuesday's session, the EUR/GBP is seen at 0.8505, edging lower by 0.30% primarily influenced by robust UK labor market figures.

The billionaire tech mogul's Founders Fund started snapping up bitcoin and ether in mid-2023, Reuters reported.

The US Dollar (USD) witnessed an upward thrust on Tuesday, trading at 104.80 on the Dollar Index (DXY).

The Australian dollar encountered renewed selling pressure amidst the sudden and strong rebound in the US Dollar (USD), which was particularly exacerbated after US inflation figures rose more than expected in January.

As US inflation continued to run hot in January, investors now started to price in a probable interest rate cut by the Federal Reserve in June, while the Greenback navigates yearly highs and US yields trade in multi-week tops across the curve.

The GBP/USD pair struggles to capitalize on the previous day's goodish bounce of around 50 pips from the 1.2570 region and oscillates in a narrow band during the Asian session on Friday.

On Friday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1036 as compared to the previous day's fix of 7.1063 and 7.1996 Reuters estimates.

The strong demand for the US 30-year bond auction, that followed two other strong 3 and 10 year auctions this week triggered no appetite across the US bonds space yesterday, most probably because the 30-year paper is a long maturity paper and is mostly purchased by insurance and pension funds.

A review of things you need to know before you sign off on Friday; Westpac trims rates, fewer big renos, Zollner goes full hawk, space center opens, swaps up, NZD firm, & more

Following a two-day rebound, EUR/USD failed to preserve its bullish momentum and closed virtually unchanged on Thursday.