Page 87 - Urrencies News Today

Here is what you need to know on Friday, December 15: The US Dollar (USD) suffered heavy losses against its major rivals for the second consecutive day on Thursday.

The Dollar remains on the defensive, capped below 0.8700. The Fed’s Dovish turn keeps weighing on the USD.

In the last full week of 2023, volume will likely start to fade ahead of the holidays.

On Thursday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1090 as compared to the previous day's fix of 7.1126 and 7.1566 Reuters estimates.

The Federal Reserve, as anticipated, maintained its current interest rates but indicated a dovish turning point that hints its subsequent action could involve a series of rate cuts in 2024.

A review of things you need to know before you sign off on Thursday; NZ GDP crumbles, more for milk, more milksolids, farmer sentiment rises, NZGB bonds in high demand, wholesale benchmark rates dive, NZD up, & more

The Euro consolidates at 1.0900 area ahead of the ECB decision.

Markets are pricing three rate cuts in 2024 and we doubt the Bank will be too happy about that.

In Slovakia, average monthly real wage accelerated to 4.0% y/y Today in the morning, November’s inflation will be released.

The GBP/JPY cross remains under heavy selling pressure for the third successive day on Thursday and dives to its lowest level since early October during the Asian session.