Page 61 - Urrencies News Today

Following a quiet European session, EUR/USD gathered bullish momentum in the second half of the day and closed in positive territory above 1.0950 on Wednesday.

Here is what you need to know on Thursday, January 11: The US Dollar (USD) stays on the back foot early Thursday, with the USD Index retreating toward 102.00 after closing in negative territory on Wednesday.

Bitcoin's price has climbed 70% since October, and crypto bulls expect the SEC's decision to approve 11 ETFs Wednesday to power it to further gains.

The yens fast depreciation is boosting overseas investment and sectors like tourism, but could also trigger inflation. In response, the BOJ should raise interest rates.

The US Dollar (USD) Index has climbed to 102.60 as financial markets continue to grapple with the release of a hot US Consumer Price Index (CPI) report from December, which came in higher than expected.

On Thursday's session, the NZD/JPY pair is observed at around 90.70, registering slight losses after hitting high of around 91.00.

EUR/USD failed to revisit or surpass the psychological 1.1000 barrier on Thursday, sparking a marked corrective move soon after US inflation figures rose more than expected in December.

The long-waited US inflation release came in stronger than initially estimated for the month of December, lending fresh oxygen to the greenback as investors now see the Federal Reserve potentially delaying its first interest rate cut.

AUSD/USD rapidly faded Wednesday’s advance and refocused on the downside, briefly reaching fresh weekly lows in the 0.6650/45 band on Thursday.

In Thursday's session, the EUR/JPY declined slightly. A bullish outlook dominates the daily charts, showing signs of bulls gaining ground.