Page 95 - Urrencies News Today

The Euro has dropped more than 40 pips to hit a fresh three-week low below 1.0750 as the US Nonfarm Payrolls report has cooled hopes of Fed rate cuts in early 2024.

EUR/USD benefited from broad-based US Dollar (USD) weakness on Thursday and registered daily gains for the first time since November 28.

The US Dollar pulls back ahead of the NFP report The uptick in Oil prices is providing support to the CAD.

The EUR/USD fell decently more than 0.20% during the North American session after it dived to a daily low of 1.0723 courtesy of a slid US Nonfarm Payrolls report.

The Aussie dollar (AUD) experienced a dip in its Friday trading session, with the AUD/USD trading lower at approximately 0.6580.

The US Dollar (USD) continued to command the financial markets as it soared to the 104.05 mark, primarily because of positive labor market cues and a surge in yields, which suggests that markets are delaying rate cuts in 2024.

Mexican Peso (MXN) rallies against the US Dollar (USD) during the North American session on Friday, although data from the United States (US) showed the labor market is not as soft as suggested by previously released data during the week.

Japanese Foreign Reserves increased by 31.7 billion USD to hit a 15-month high of 1.269 trillion USD into the end of November, compared to October's accumulated foreign assets of 1.238 trillion USD.

The AUD/USD pair turns lower for the fourth straight day following an early uptick to the 0.6555-0.6560 area and drops to over a two-week low during the Asian session on Thursday.

The AUD/JPY snaps two days of losses as the downtrend halts above the 96.00 figure, even though market sentiment remains sour as reflected by US equities, which printed losses between 0.19% and 0.58%.