Page 72 - Urrencies News Today

Here is what you need to know on Tuesday, January 2: Following some choppy action in the last trading days of 2023, financial markets seem to have turned relatively calm to begin the new year.

In Tuesday's session, GBP/USD witnessed a substantial dip, trading at around 1.2620, with significant downward momentum primarily triggered by USD strength.

The US Dollar (USD) began trading at 102.10, marking a noteworthy rise in the index.

The USD/JPY rebounded on Tuesday, testing 142.00 after a clean bounce from the 141.00 handle to kick off the first trading week of 2024.

In Tuesday's session, the Euro (EUR) against the US Dollar (USD) exhibited strong downward movements, trading roughly around 1.0950.

S&P Stock Market Analysis, Detailed Trend Forecast Jan to Dec 2024 :: The Market Oracle ::

Six of eight analysts predict that the lower end of the greenbacks range against the yen next year will be between ¥130 and ¥135.

GBP/USD is set to extend its bullish momentum to 1.3500 next year, the Head of global FX at Goldman Sachs said in his latest note, citing correlation with equities and diminishing fears of global recession.

The AUD/USD hit a fresh five-month high at 0.6871 but lost momentum.

The Euro bounced up again at 0.8660 to return to levels near 0.8700, approaching a one-month high, at 0.8715.