Page 43 - Urrencies News Today

The USD/CAD pair remains on the defensive for the third successive day on Monday, albeit lacks follow-through selling and manages to hold above last week's swing low, around the 1.3415 region.

The GBP/USD pair ticks higher following an Asian session dip on Monday, albeit lacks follow-through and remains confined in a familiar range held over the past two weeks or so.

On Monday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1097 as compared to Friday's fix of 7.1074 and 7.1785 Reuters estimates.

EUR/USD is struggling to gain traction and moving sideways near 1.0850 after closing the second consecutive week in negative territory.

Here is what you need to know on Monday, January 29: The action in financial markets remain subdued early Monday as investors prepare for this week's key central bank meetings and macroeconomic events.

A review of things you need to know before you sign off on Monday; less trade, more jobs, bigger intervention capacity, mortgage interest cost jumps, swaps firm, NZS holds, & more

Dick Bove, who retired this month after more than half a century as an analyst, said the dollar's primacy is under threat from outsourcing, China, and crypto.

Another firm session of the Greenback put the risk complex under further pressure, sending the USD Index (DXY) to flirt with the upper end of the recent range and EUR/USD to the sub-1.0800 region, all amidst the emergence of usual pre-FOMC cautiousness.

The continuation of the upward bias in the greenback continued to weigh on the majority of the risk complex at the beginning of the week, particularly sending EUR/USD to the sub-1.0800 region for the first time since mid-December.

On Monday's session, the AUD/USD forged ahead with 0.50% gains to settle at 0.6610.