Page 41 - Urrencies News Today

Here is what you need to know on Wednesday, January 31: Following the choppy action seen earlier in the week, the US Dollar (USD) stays resilient against its rivals on Wednesday.

On Wednesday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1039 as compared to the previous day's fix of 7.1055 and 7.1727 Reuters estimates.

A review of things you need to know before you sign off on Wednesday; no retail rate changes, business confidence up, TDs very popular, dairy prices rise, house lending up, swaps unchanged, NZD firm, & more

After fluctuating in a tight channel above 1.0800 on Tuesday, EUR/USD closed the day marginally higher.

In Wednesday's trading session, the AUD/JPY fell to 96.50 after a strong 0.95% decline.

The GBP/JPY plunged sharply during the North American session, down by more than 0.60% as market participants shifted risk-averse ahead of the US Federal Reserve’s (Fed) monetary policy decision.

The US Dollar (USD), as reflected by the DXY Index, is currently trading at 103.20, experiencing losses as a result of weak data from the Automatic Data Processing (ADP) Employment Change report for January.

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