Page 6 - Urrencies News Today

The EUR/JPY cross attracts some dip-buying near the 164.15-164.10 area on Thursday and climbs to a fresh daily peak during the first half of the European session.

The US Dollar Index (DXY) is currently trading at 105.45, marking its highest position since November 2023.

EUR/USD remained on the back foot for the third straight session, easing to levels just below 1.0700 the figure and disputing the 2024 lows, always amidst the extra advance in the US Dollar (USD).

The USD/JPY climbed during the North American session and remains above the 153.00 figure despite Japanese authorities jawboning on excessive Japanese Yen (JPY) movements.

The risk complex regained some poise amidst a mild corrective decline in the US Dollar and rising speculation of a Fed rate cut in September.

The EUR/JPY pair currently trades at approximately 164.37, indicating a slight decrease.

The continuation of the upward bias in the US Dollar (USD) did not prevent its Australian counterpart from regaining some balance and encouraged the AUD/USD to print decent gains beyond 0.6500 on Thursday.

Despite most investors maintaining a cautious stance ahead of what is bound to be an action-packed Wednesday with the release of fresh US inflation data, US stocks nudged higher in subdued trading.

A review of things you need to know before you sign off on Wednesday; no retail rate changes, no OCR change, more here on work visas, job ad levels ease, consumer card activity soft, swaps soft, NZD firm, & more

Cautious optimism ahead of crucial data releases swayed market sentiment across markets..