Page 33 - Urrencies News Today

Here is what you need to know on Friday, February 9: The US Dollar (USD) gathered strength against its rivals on Thursday as US yields stretched higher.

In Friday's session, the AUD/JPY was observed rising to 97.40, registering a t gain of 0.50.

Following Monday’s Powell-driven sharp rebound in the US Dollar, the risk-linked galaxy managed to regain some balance as the sessions passed by, sparking a decent recovery in the likes of the single currency and the British Pound in an environment broadly dominated by speculations surrounding the potential timing of interest rate cuts by the Federal Reserve.

- Underlying theme of trimming rate cut expectations remains, with market pricing for BoE rate cuts pared once again, after Haskel said more evidence on reduced inflation persistence needed to stop voting for rate hikes.

- The USD Index (DXY) closed another week of gains. - The Department of Labor (DoL) revised the December CPI.

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