Page 7 - Urrencies News Today

The US Dollar Index (DXY) rallied to 105.20, up by nearly 1%, on Wednesday.

The strong resumption of the bid bias in the US Dollar (USD) prompted an equally marked retracement in the Aussie dollar and the rest of its risk-related peers, pushing AUD/USD to multi-session lows near 0.6500 on Wednesday.

An unexpected rise in the US CPI in March propelled the Greenback to yearly highs and kept the risk complex under renewed and strong downside pressure.

The NZD/JPY pair declined near the 91.33 mark, indicating a battle between optimism favoring a bullish market and mounting bearish pressure.

The GBP/JPY retreats late on Wednesday during the North American session and is down 0.27% as the market sentiment shifts sour.

EUR/USD went into a consolidation phase near 1.0850 after closing in positive territory on Monday.

Sterling’s recovery falters at the 1.6680-1.6700 resistance area.

Another irresolute session in the US Dollar (USD) helped to sustain the robust recovery in AUD/USD, prompting the pair to extend further its recent breakout of the 0.6600 yardstick and advance to the vicinity of 0.6650.

Asia Market Update: Quieter day in Asia; NZ Bus Confidence & AU Consumer Confidence down; Korea govt joins chip wars; Markets looking to US CPI and FOMC Minutes Wed night; RBNZ rate decision tomorrow.

Here is what you need to know on Tuesday, April 9: Major currency pairs fluctuate in familiar ranges early Tuesday as investors move to sidelines while waiting for a fresh catalyst.