Page 79 - Urrencies News Today

AI Tech Stocks - The Good, the Bad and the Ugly :: The Market Oracle ::

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1012 as compared to the previous day's fix of 7.0966 and 7.1401 Reuters estimates.

Here is what you need to know on Thursday, December 21: Major currency pairs stay relatively calm early Thursday as investors wait for the US Bureau of Economic Analysis to publish final revisions to the third-quarter Gross Domestic Product (GDP) data.

EU mid-market update: Overextended US equity rally given a scare but attempts to return to business as usual; China responds to tariffs with export bans.

One US dollar can now buy about 143 yen, as compared to nearly 152 yen last month — and the yen may strengthen further in the coming months.

The EUR/USD pair attracts some dip-buying during the Asian session on Thursday and reverses a part of the previous day's retracement slide from the weekly top.

The Euro remains moderately bid approaching resistance at 0.8680.

EUR/USD lost its traction in the second half of the day on Wednesday and closed in negative territory for the first time this week.

The Australian Dollar (AUD) enjoyed an upward rally against the US Dollar (USD) in Thursday's trading session, stimulated by the revision of the Q3 Gross Domestic Product (GDP) numbers that worked to soften the Greenback.

The Pound is trading within a narrow range, with upside attempts capped below 181.00 so fast, as the soft inflation levels seen on Wednesday have boosted speculation of BoE cuts.