Page 74 - Urrencies News Today

Here is what you need to know on Thursday, December 28: The US Dollar (USD) continued to weaken against its rivals mid-week, with the USD Index dropping to its lowest level in five months below 101.00.

Economists at ANZ Bank expect KRW and TWD to be the best Asian currencies in the coming year.

A fifth of global oil trade this year was settled in currencies different from the U.S. dollar as countries such as Russia and China move away from the petrodollar

The Euro (EUR) maintains its positive tone during Thursday’s European trading session.

In Thursday's session, the USD/JPY pair declined to 140.25 but then recovered to 141.50.

The Mexican Peso (MXN) continued to climb through the penultimate trading day of 2023, poised for a third straight week of gains against the US Dollar (USD) as the Greenback faces broad-market selling pressure.

The focus is on 2024, particularly considering that the first week will be a busy one.

The US Dollar (USD) recovered to the 101.10 area during the American session after hitting a low of around 100.60.

The Sterling has broken below the bottom of the last three weeks' triangle pattern, at 181.80, weigher by broad-based Yen strength, and is testing the 180.00 support area at the moment of writing.

EUR/USD gathered bullish momentum and advanced to its highest level since late July above 1.1100.