Page 76 - Urrencies News Today

In Wednesday's session, the USD/CHF saw pronounced downward movements, sliding to multi-year lows of 0.8440, seeing a steep 1% dip.

Another day in an unusual week. During the Asian session, Japanese data is due, including Industrial Production and Retail Trade.

The Mexican Peso (MXN) is seeing choppy markets amidst post-holiday volume constraints but sticking close to recent highs as markets continue to lean into rate cut expectations from the Federal Reserve (Fed).

The EUR/USD rose further on Wednesday and climbed above 1.1100 for the first time since July, boosted by a weaker US Dollar across the board.

The USD/JPY fell nine-tenths of a percent on Wednesday as the market leans into bets that the Federal Reserve (Fed) will get pushed into a faster pace of rate cuts in 2024, with some investors expecting rate cuts to begin as soon as next March.

The Effective Fed Funds rate from monthly averages 1 to 32 years reveals the same story as last December / January.

The GBP/USD climbed higher on Wednesday as broad-market risk appetite pushed the US Dollar (USD) into the floorboards, bolstering the Pound Sterling (GBP).

The EUR/USD is gaining ground in thin post-holiday markets as investors gear up for the new year and head towards 2024 with sentiment leaning notably risk-on, pushing the US Dollar (USD) down once more in the last partial trading week of the year.

The US Dollar is trading water against the Japanese Yen, with price action failing to find any relevant acceptance above 143.00 as the US Dollar Index dives to fresh five-month lows.

The US Dollar (USD) continues to experience sharp losses, with the US Dollar Index (DXY) trading at 100.95 its lowest level in five months.