Page 55 - Urrencies News Today

In Thursday's session, the EUR/JPY recorded slight losses, settling at 160.86 after a peak at 161.40, its highest since early December.

On Wednesday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1168 as compared to the previous day's fix of 7.1134 and 7.1986 Reuters estimates.

The AUD/JPY printed modest losses on Tuesday, as risk appetite took its toll as worldwide central bank policymakers pushed back against rate cut expectations.

The EUR/USD pair remains under some selling pressure for the second straight day on Wednesday and drops to its lowest level since December 13, closer to mid-1.0800s, or the 200-day Simple Moving Average (SMA) during the early European session.

Here is what you need to know on Wednesday, January 17: The US Dollar (USD) continues to maintain its upper hand across the board, as markets remain jittery on the back of China’s economic concerns and persisting Middle East geopolitical tensions.

GBP/JPY briefly ticked into a new multi-week high above the 186.00 handle on Tuesday as the Japanese Yen (JPY) saw broad-market declines and the Pound Sterling (GBP) caught a brief ride up the charts after UK labor figures showed more jobs added in December than the previous month.

A review of things you need to know before you sign off on Wednesday; some credit card rates rise, a work visa rush, weak retail, dairy prices up, house prices down, swaps on hold, NZD soft, & more

It was another poor day for European markets yesterday, with the return of US markets unable to lift the mood, as they too finished lower, due to a continuation of the hawkish rhetoric employed by central bankers this week as they pushed back on rate cut expectations which in turn helped to push yields as well as the US dollar sharply higher.

Final inflation reading in December was confirmed at 4.5% y/y in Croatia.

The Dollar has accelerated its recovery, buoyed by fading hopes of early Fed cuts.