Page 58 - Urrencies News Today

The Mexican Peso (MXN) made a U-turn after posting solid gains versus the US Dollar (USD) on Friday, weakening amid thin liquidity conditions in the observance of Martin Luther King (MLK) day in the United States (US).

The GBP/USD fell back once more on Monday, testing 1.2715 after a short-lived rally at the Modnay open reversed course.

The US Dollar (USD) is enjoying slight gains with the DXY Index trading at 102.60, while US traders celebrate Martin Luther King Jr.’s holiday.

The US Dollar is building up favoured by a weaker market sentiment.

A review of things you need to know before you sign off on Monday; both home loan and term deposit rates slip, grocery price pressure eases, markets price in -1% 2024 OCR cuts, swaps on hold, NZD soft, & more

At the beginning of the week, we will see the final December inflation numbers for Croatia, Poland and Slovakia.

The Aussie is under growing bearish pressure amid a deteriorating market mood.

The Euro (EUR) has opened the week on a moderately positive tone, with a mild appetite for risk prevailing in the European session.

The GBP/JPY is up by 0.47% on Monday, though it remains reluctant to push above the 186.00 figure for the fourth straight day despite turning bullish.

Thin trade conditions due to the MLK holiday in the US and persevering geopolitical risks dominated the mood among market participants at the beginning of a new trading week.