Page 68 - Urrencies News Today

The AUD/USD is almost flat during the North American session, after mixed economic data from the United States (US) keeps the Greenback seesawing between gains and losses.

EUR/USD gained traction during the European trading hours on Thursday but struggled to extend its rebound in the second half of the day as rising US Treasury bond yields supported the US Dollar (USD).

The EUR/USD rallied to a three-day high on Friday after the latest US jobs data announced by the US Bureau of Labor Statistics (BLS) was solid, sponsoring a dive to a new three-week low at 1.0876.

The US Dollar (USD), represented by the Dollar Index, is currently trading just above 102.00, showing a downtick of 0.30% due to the markets adjusting dovish bets post the release of December’s Nonfarm Payrolls (NFP) and the ISM PMIs.

This year promises to be one of the most interesting years economically, politically, and market-wise in history.

As we enter 2024, focus is on when, how much and especially why central banks lower rates.

In Wednesday's session, the NZD/JPY clocked an uptick of 0.70%, seeing the pair rally to 89.40.

The AUD/JPY registered moderated gains on Wednesday of 0.46%, though it begins Thursday’s session on a lower note, trading below yesterday’s close of 96.42.

EUR/USD staged a technical correction and stabilized below 1.0950 early Thursday after testing 1.0900 on Wednesday.

The AUD/USD dropped to a nine-day low of 0.6701 and extended its losses to four straight days, courtesy of broad US Dollar (USD) strength across the board.