Page 9 - Urrencies News Today

The Pound Sterling (GBP) Is trading on the back foot against the US Dollar (USD), as the GBP/USD pair manages to hold above the 1.2600 level at the start of the week on Monday.

EUR/USD seems to have gone into a consolidation phase above 1.0800 early Monday after snapping a three-week losing streak.

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The US Dollar Index (DXY) is currently trading at a modest loss at the 104.15 level.

The Pound picks up with the USD weighed by a mild risk appetite.

The GBP/JPY climbed 0.29% late in the North American session after bouncing off daily lows reached earlier at around 191.35.

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A negative start to the week saw the Greenback under pressure, while the risk complex managed to regain some composure and US yields climbed slightly across the curve.

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The NZD/USD pair is currently trading at 0.6033, tallying daily gains on Monday’s session.