Page 81 - Urrencies News Today

On Wednesday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.0966 as compared to the previous day's fix of 7.0982 and 7.1300 Reuters estimates.

EUR/USD rose sharply but lost its bullish momentum after coming within a touching distance of 1.1000.

The Euro hesitates at 0.8660 as concerns about the eurozone economy grow.

Here is what you need to know on Wednesday, December 20: The US Dollar continued to weaken against its rivals on Tuesday as global bond yields retreated following the Bank of Japan's (BoJ) inaction.

Investors´ appetite for risk as they see the end of the central bank´s tightening cycles has pushed the Aussie to nearly five-month highs.

The US Dollar (USD) broke ground trading on an upbeat 102.30 with 0.20% daily gains.

The GBP/USD is capped below 1.2680 after a below-expectations print of UK Consumer Price Index (CPI) inflation sent the Pound Sterling (GBP) lower against the US Dollar (USD), dragging the pair down through the 1.2270 handle and pinging 1.2630.

The Mexican Peso (MXN) is holding in place, pinned into recent highs against the US Dollar (USD) as broad-market selling pressure keeps the Greenback in place and gives the Peso a chance to cover more ground even as a dovish Banco de Mexico (Banxico) weighs the potential for rate cuts as soon as 2024’s first quarter.

The EUR/USD drifted lower on Wednesday, falling back into 1.0930 late in the day after slipping from the day’s opening bids near 1.0980 with the pair capped just beneath the 1.1000 handle.

The USD/JPY pair edged higher in Wednesday's session, trading around the 143.80 level, as the markets remained directionless due to the absence of Bank of Japan's pivot clues.