Page 89 - Urrencies News Today

EUR/USD climbed to a fresh weekly high near 1.0830 in the early American session on Tuesday but lost its bullish momentum.

The Australian Dollar is looking weak after rejection at 0.6615.

Here is what you need to know on Wednesday, December 13: The November inflation report from the US failed to help major currencies find direction on Tuesday, with market participants refraining from taking large positions ahead of the Federal Reserve's (Fed) last policy announcements of the year.

Mexican Peso (MXN) weakened against the US Dollar (USD) early during the North American session on Wednesday, with traders bracing for the release of the US Federal Reserve’s (Fed) monetary policy decision.

The GBP/USD fell 0.32% during the North American session, after data from the United Kingdom (UK), depicted the economy is at the brisk of recession amid a high inflation period.

The US Dollar (USD) Index holds steady around 103.8 on Wednesday, consolidating its position as investors weigh the data on November's Headline and Core Producer Price Index (PPI), which came in lower than expected.

After the Federal Reserve, several other central banks, including the Bank of England, the European Central Bank, the Swiss National Bank, and the Norges Bank, will announce their decisions on monetary policy.

The EUR/USD pair rallied over 100 pips following the Federal Reserve meeting, to the 1.0900 aera.

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1174 as compared to the previous day's fix of 7.1163 and 7.1772 Reuters estimates.

The US Dollar is trading lower against its Canadian counterpart on Tuesday, with the pair moving dangerously close to the 1.3550 support level and all eyes on November’s US CPI report, due later today.