Page 83 - Urrencies News Today

The Pound Sterling is rallying against an ailing Yen following a dovish monetary policy statement by the Bank of Japan.

The Euro is crawling higher on Tuesday amid favorable risk sentiment.

Cuts to interest rates are likely to weaken the dollar, boosting everything from commodities to emerging markets, NewEdge Wealth's Ben Emons said.

The Aussie has resumed its upside path to test 0.6740 resistance.

During Tuesday's session, the AUD/USD pair had a notable rally and jumped towards 0.6770.

The Mexican Peso continues to strengthen against the US Dollar during the North American session on Tuesday, as the Greenback (USD) remains pressured despite US Federal Reserve (Fed) officials pushing back against aggressive bets suggesting the central bank would lower rates by more than 100 basis points next year.

The EUR/USD is drifting towards the 1.1000 major handle once more after failing to capture the key technical level last week.

In Tuesday's session, the USD/CHF plunged to fresh multi-month lows of 0.8610, marking a 0.70% daily decline.

The US Dollar (USD) Index, trading at 102.00, and is currently in the grips of a downward trend, heavily influenced by falling yields and dovish comments from Federal Reserve's (Fed) Thomas Barkin, which fueled further easing bets on the next decisions from the bank.

The GBP/USD snapped two days of losses and rallies during the mid-North American session on Tuesday, gaining more than 0.70% after bouncing off daily lows of 1.2632.