Page 53 - Urrencies News Today

The EUR/USD pair oscillates in a narrow range through the early European session on Friday and remains within the striking distance of over a one-month trough touched on Wednesday.

- The USD Index (DXY) clinched its third weekly gain in a row.

While the past week has been a quiet one on the macro data front, central bankers sent some hawkish signals ahead of the January rate decisions.

While Fed and ECB officials pushed back expectations of interest rate cuts for later than anticipated amidst strong data and the rebound in inflation, the upcoming week is also expected to maintain the centre of the debate around central banks.

A review of things you need to know before you sign off on Thursday; REINZ December data soft, Truckometer shows weakness, inflation components stay up, benefits little-changed, swaps up, NZD lower, & more

On Thursday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1174 as compared to the previous day's fix of 7.1168 and 7.1976 Reuters estimates.

The EUR/USD pair builds on the overnight bounce from the very important 200-day Simple Moving Average (SMA) support near the 1.0845 region and gains some positive traction for the second straight day on Thursday.

The Japanese Yen (JPY) is seen oscillating in a narrow band during the Asian session on Thursday and consolidating its recent heavy losses against the US Dollar (USD) registered since the beginning of this week.

The Japanese Yen is paring some losses on Thursday as the US Dollar and US Treasury yields’ recovery loses steam.

Bitcoin's surge has powered the sector's valuation higher, but other tokens like ether have also racked up huge gains.