Page 46 - Urrencies News Today

- The USD Index (DXY) kept a side-lined theme this week. - US yields traded in a mixed fashion ahead of the Fed meeting.

It was quite a dull week when it comes to price action in the FX galaxy, particularly in the G10 space.

US stocks relinquished earlier gains as traders tempered their earnings-related enthusiasm when caution set in after Tesla profits fell amid declining demand for electric vehicles, compressing margins.

The EUR/JPY tumbled below the 161.00 figure on headlines of the Bank of Japan (BoJ) Governor Kazue Ueda, suggesting that it could normalize monetary policy if inflation picks up sustainably throughout the year.

The Australian Dollar (AUD) registers minuscule losses against the US Dollar (USD) as Thursday’s Asian session begins; on Wednesday, the pair ended the session virtually unchanged, closing below the 0.6600 figure on upbeat US economic data.

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The NZD/USD pair attracts some buyers for the third straight day on Thursday and for now, seems to have stalled the previous day's pullback from the vicinity of mid-0.6100s, or over a one-week high.

EUR/USD gathered bullish momentum and advanced to the 1.0930 area on Wednesday.