Page 39 - Urrencies News Today

- The USD Index (DXY) closed the week on a robust note. - US Nonfarm Payrolls crushed estimates in January.

On Friday's session, the EUR/GBP was spotted trading mildly higher at 0.8535, marking scant gains.

Markets maintained the erratic price action almost the entire week… until a robust US Nonfarm Payrolls surprised everybody and lifted the Greenback to yearly highs when tracked by the USD Index (DXY).

The Aussie Dollar (AUD) begins Thursday’s Asian session unchanged versus the US Dollar (USD) as the US Federal Reserve (Fed) decides to hold rates and opens the door to ease policy in 2024.

As its economy matures and becomes more competitive from battling the severe headwinds of recent times, China should have the confidence to let its currency reflect its true strength.

As expected, the Federal Reserve left its interest rates unchanged at its event on Wednesday, removing wording regarding potential rate hikes, reiterating that inflation remains elevated and that economic activity has been expanding at a robust pace.

Once again, AUD/USD demonstrated volatile performance on Wednesday, remaining trapped in a side-lined theme that has persisted since the middle of this month.

The NZD/USD pair attracts some buyers during the Asian session on Thursday and for now, seems to have stalled the previous day's retracement slide from the 0.6175 region, or over a two-week peak.

Here is what you need to know on Thursday, February 1: The US Dollar stays resilient against its major rivals early Thursday after fluctuating wildly during the Federal Reserve (Fed) event on Wednesday.

A review of things you need to know before you sign off on Thursday; a hot 2yr home loan rate, household living costs higher than CPI, non-performing loans up swaps stable, NZD firm, & more