Page 71 - Urrencies News Today

The US Dollar (USD) Index trades with noteworthy gains at 102.60, having successfully reclaimed the 20-day Simple Moving Average (SMA).

The USD/JPY rises sharply during the North American session after economic data from the United States (US) prompted investors to extend the US bond sell-off, as the US 10-year bond yield is back above the 4% threshold.

"We believe all applications fall short of a critical requirement that must be met before the SEC approves."

The GBP/USD is cycling near 1.2650, holding steady despite a lack of recovery from Tuesday’s sharp decline.

The Mexican Peso (MXN) began the year on a lower note against the US Dollar (USD) after the exotic pair dipped to a three-month low on December 28 of 16.86.

The EUR/USD remained on the defensive since the first trading day of 2024, falling 0.27% on the day after economic data from the United States (US) suggests the economy remains robust, though the labor market cooled down.

In Wednesday's trading session, the USD/CHF pair exhibited a bullish stance but failed to hold its momentum, which took it to a high of around 0.8555 and stabilized at 0.8515.

The USD/CAD pair struggles to gain any meaningful traction on the first day of a new week and oscillates in a narrow trading band during the Asian session.

The Japanese Yen (JPY) ticks lower against its American counterpart amid relatively thin liquidity during the Asian session on Monday, albeit remains well within the striking distance of a five-month high touched last Thursday.

EUR/USD stays on the back foot and trades modestly lower on the day below 1.1050 in the first European session of 2024.