Page 45 - Urrencies News Today

The GBP/JPY cross remains on the defensive for the fourth successive day on Friday, albeit lacks follow-through selling and remains confined in the previous day's broader trading range through the first half of the European session.

After closing in negative territory on Thursday, EUR/USD extended its slide and touched its lowest level since mid-December below 1.0850.

In Thursday's session, the AUD/USD was seen trading at 0.6580 with mild gains, rebounding slightly after last week's 1.20% loss.

A review of things you need to know before you sign off on Friday; more retail rate cuts, more holiday interruptions, eyes on some large equity retreats, swaps little-changed, NZD stable, & more

The US Dollar (USD) Index is presently grappling with losses, trading at 103.35 on the DXY, in response to the release of softer Personal Consumption Expenditures (PCE) data for December, which gave the doves hope of earlier rate cuts.

- GBP/USD kept an erratic performance in place throughout this week.

On Friday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1074 as compared to the previous day's fix of 7.1044 and 7.1733 Reuters estimates.

The GBP/USD pair struggles to gain any meaningful traction on Friday and oscillates in a narrow trading band, just above the 1.2700 mark during the Asian session.

Here is what you need to know on January, January 26: The US Dollar (USD) stays resilient against its major rivals early Friday, supported by the negative shift seen in risk mood.

During Friday's trading session, the EUR/GBP rose slightly to 0.8540 showing mild gains.