Page 70 - Urrencies News Today

The AUD/USD extends its losses in early trading on Thursday during the North American session, down 0.33% and at the brisk of diving below the 0.6700 figure.

The AUD/USD fell on Tuesday, sliding 0.8% on the day to kick off the first official trading day of 2024 with broader markets tipping back into the US Dollar (USD), though Aussie (AUD) losses were limited by a better-than-expected print in China’s Caixin Manufacturing Purchasing Managers’ Index (PMI) in December.

The Japanese Yen (JPY) attracts some buyers during the Asian session on Wednesday and reverses a part of the previous day's heavy losses against the US Dollar (USD).

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EUR/USD declined sharply on Tuesday and touched its lowest level in nearly two weeks at 1.0938 as the US Dollar (USD) staged a decisive correction following the poor performance seen in the last couple of weeks of 2023.

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The dollar had its best one-day rise since late July on Tuesday, powered higher by bets the Fed will take a cautious approach to cutting rates.

Here is what you need to know on Wednesday, January 3: The US Dollar (USD) gathered bullish momentum and outperformed its rivals on the first trading day of 2024 as the market mood soured.

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