Page 40 - Urrencies News Today

The GBP/JPY cross drifts lower for the second straight day on Thursday – also marking the third day of a negative move in the previous four – and drops to a two-and-half-week low during the first half of the European session.

EUR/USD made sharp moves in both directions in the American session on Wednesday before closing the day marginally lower.

In Thursday's session, the EUR/GBP rose to 0.8545, showing a 0.25% gain.

The US Dollar (USD) is currently trading at 103.05, with a declining trend, largely triggered by the release of soft labor market data on Thursday that outshadowed strong ISM PMIs figures.

The Mexican Peso (MXN) climbed against the US Dollar (USD) on Thursday as market participants digested the latest Federal Reserve (Fed) decision.

The EUR/JPY stages a comeback after bouncing off a weekly low of 158.08 and rising back above the 159.00 figure, gaining 0.14% at the time of writing.

The AUD/USD prints minimal gains as the Asian session begins, following Thursday’s session that witnessed the Aussie Dollar (AUD) bouncing off year-to-date (YTD) lows of 0.6508 on mixed US economic data.

There was no respite for the selling pressure around the Aussie dollar on Thursday, this time dragging AUD/USD to fresh three-month lows in the boundaries of the 0.6500 contention zone.

The EUR/JPY advances modestly on Tuesday, and buyers recover the psychological 160.00 figure.

Once again, AUD/USD exhibited an erratic performance on Tuesday, remaining ensnared in a rangebound pattern that has persisted since the middle of this month.