Page 91 - Urrencies News Today

Mexican Peso (MXN) is down against the US Dollar (USD) following an inflation report in the United States (US), which most likely would prevent the US Federal Reserve (Fed) from easing monetary policy faster than the expectations of market participants.

During Tuesday's trading session, USD/NOK experienced gains, currently trading around the 10.975 level.

In Tuesday's session, the USD/JPY pair is facing a downward shift, now trading at the 145.55 level.

The US Dollar (USD) is currently undergoing a slight retreat as the DXY index trades at 103.95 after the release of November’s Consumer Price Index (CPI) figures from the US, which fueled dovish bets on the Federal Reserve.

The AUD/JPY couldn’t hold the 96.00 handle on Tuesday, falling back into 94.50 through the day and settling back into the low end.

The EUR/USD rose modestly on Tuesday, but was unable to hold above 1.0800 and remains below the 200-day Simple Moving Average (SMA).

The Euro wavers after the US CPI report meets expectations.

Eyes will be on the Federal Reserve and Chair Powell on Wednesday.

Price action in the GBP/JPY remains constrained ahead of the Bank of England’s (BoE) monetary policy decision on Thursday.

The GBP/USD is virtually unchanged amid a volatile session that witnessed the pair traveling at around 90 plus pip range, directionless after a report of inflation in the United States (US).