Page 47 - Urrencies News Today

The lack of surprises from the European Central Bank event, particularly from President Lagarde’s press conference, forced EUR/USD to come all the way down and revisit the 1.0825/20 band on Thursday.

The US Dollar (USD) DXY index has traded at 103.55 on Thursday, representing 0.30% gains following the release of key economic activity as the case of nearer-term rate cuts by the Federal Reserve (Fed) continues to lose relevance.

The AUD/USD is virtually unchanged during the North American session, although the US economy grew at a faster pace than expected.

On Thursday's session, the EUR/GBP pair was observed at a trading level of 0.8530, seeing 0.30% loss.

In Thursday's session, the AUD/JPY was spotted at 97.20, benefitting from 0.25% gains.

The Canadian Dollar (CAD) found some bidders on Thursday even as the US Dollar Index (DXY) saw a recovery after US Gross Domestic Product (GDP) figures bolstered the broader market.

The AUD/USD opened the Asian session virtually unchanged, but on Tuesday registered decent gains of 0.14%, bracing at around the 200-day moving average (DMA) at 0.6578.

After an initially positive start European markets finished the day lower after as the sugar rush from reports of a large-scale Chinese stimulus plan, gave way to scepticism that it would be enough to deliver the help needed when what is needed is proper economic reforms as opposed to more liquidity.

A review of things you need to know before you sign off on Wednesday; inflation falls but still high, real estate agent commissions at 4yr low, credit card use withers, swaps up, NZD forms, & more

Here is what you need to know on Wednesday, January 24: Following Tuesday's choppy action, financial markets remain relatively quiet early Wednesday.