Page 88 - Urrencies News Today

- Risk appetite was on following the great monetary pivot, further dovish international central bank commentary in session.

Euro recovery from Monday’s lows has stalled above 0.8600 on Thursday’s European market session, with investors awaiting monetary policy decisions by the BoE and the ECB later today.

In Thursday's session, the GBP/USD pair surged after the Bank of England's (BoE) recent decision and jumped to its highest point since August at around 1.2755.

The Mexican Peso (MXN) depreciates against the US Dollar (USD), losing some ground gained on Wednesday after the US Federal Reserve (Fed) decided to end its tightening cycle, hinting it’s ready to cut rates in 2024.

The Dollar remains sold weighed by Wednesday’s Fed pivot. The upbeat retail sales and jobless claims have failed to support the USD.

The USD/JPY edges down following Wednesday's Federal Reserve’s (Fed) decision, which sent US Treasury yields plummeting alongside the Greenback.

The US Dollar (USD) declined to 101.80, its weakest position since August.

In Thursday's session, the USD/NOK pair took a downward tumble, plunging to its lowest level since August at about 10.520.

A review of things you need to know before you sign off on Wednesday; no retail rate changes, house sales low, food prices high, C/A narrows sightly, employers eye cutbacks, swaps & NZD on hold, & more

The extends its reversal and hits lows near 1.2500 UK GDP and Industrial production deteriorate beyond expectations.