Page 97 - Urrencies News Today

The USD keeps trimming losses against a weaker CAD. The Bank of Canada kept rates on hold for the fourth consecutive time Lower Oil prices are increasing negative pressure on the loonie.

The Dollar extends its reversal as US Jobless Claims increase.

Hopes that the BoJ will exit its-ultra-loose policy have boosted the Yen.

The GBP/JPY plummets more than 2.30% courtesy of comments by the Bank of Japan (BoJ) Ueda, which ultimately dragged the pair to an eight-week low of 178.53 before reversing toward the current exchange rate.

The GBP/USD capped its three-day decline, rose from weekly lows reached at around 1.2544, and exchanges hands near the 1.2600 figure, posting modest gains of 0.23% late in the North American session.

In Tuesday's session, the EUR/GBP mildly retreated to the 0.8570 region.

The GBP/JPY slid for the third straight trading day on Tuesday, closing down for six out of the seven consecutive days.

The NZD/USD heads into the Wednesday market session struggling near the 0.6130 level as the kiwi (NZD) locks in two consecutive days of declines against the US Dollar (USD).

The AUD/JPY began Wednesday’s Asian session with a negative tone after registering losses of more than 1% on Tuesday.

USD/JPY is trading better bid above 147.00 in the Asian session on Wednesday, finding support from a modest uptick in the US Treasury bond yields and dovish comments from Bank of Japan (BoJ) Deputy Governor Ryozo Himino.