Page 59 - Urrencies News Today

The selling pressure remained well and sound around the Aussie dollar at the beginning of a new trading week, prompting AUSD/USD to retreat for the third straight session and enter its third consecutive week in negative territory.

Bitcoin is up 70% since October. Crypto bulls expect the Securities and Exchange Commission's decision this week to power it to further gains.

USD: Mar '24 is Up at 102.210. Energies: Feb '24 Crude is Up at 74.75.

The People’s Bank of China (PBoC) sets the USD/CNY central rate for the trading session ahead o Friday at 7.1050 as compared to the previous day's fix of 7.1087 and 7.1592 Reuters estimates.

The AUD/JPY cross attracts some dip-buying near the 100-hour Simple Moving Average (SMA), around the 97.00 mark, and climbs to a fresh daily peak following the release of Chinese inflation figures.

The Houthi leadership in Yemen faced a retaliatory strike by the US and the UK, targeting at least a dozen Houthi sites, including air defences, arms depots, and logistics centers.

After spiking to 1.1000 on Thursday, EUR/USD made a sharp U-turn and dropped below 1.0950.

Here is what you need to know on Friday, January 12: The US Dollar (USD) outperformed its peers with the initial reaction to December inflation figures on Thursday but failed to preserve its strength as US Treasury bond yields turned south later in the American session.

European markets struggled once again yesterday on a combination of concerns over disappointing Q4 trading updates and a hotter than expected US inflation print which could see central banks defer upcoming rate cuts until later in the year.

The NZD/USD pair builds on the overnight bounce from the sub-0.6200 levels, or the weekly low, and gains positive traction for the second successive day on Friday.