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Page 9 - பில்லி ஊட்டி உற்பத்தி குறியீட்டு News Today : Breaking News, Live Updates & Top Stories | Vimarsana

USD/JPY drops to fresh three-week lows, eyeing mid-108 00s ahead of US macro data

4/15/2021 10:23:02 AM GMT | By Haresh Menghani USD/JPY witnessed some follow-through selling for the fourth consecutive session on Thursday. Bearish traders took cues from the ongoing decline in the US bond yields and sustained USD selling. Thursday’s US monthly Retail Sales figures for March eyed for some meaningful trading opportunities. The emergence of some fresh USD selling during the early European session dragged the USD/JPY pair to three-week lows, around the 108.65 region in the last hour. The pair extended its recent retracement slide from the vicinity of the 111.00 mark or one-year tops and lost some additional ground for the fourth consecutive session on Thursday. This also marked the seventh day of a negative move in the previous nine and was sponsored by a combination of factors.

USD/CHF surrenders modest intraday gains, holds comfortably above 0 9200 mark

4/15/2021 9:10:39 AM GMT | By Haresh Menghani The risk-on mood undermined the safe-haven CHF and extended some support to USD/CHF. Sliding US bond yields continued weighing on the USD and kept a lid on the intraday uptick. Investors now look forward to important US macro releases for some meaningful impetus. The USD/CHF pair struggled to preserve its modest intraday gains and has now retreated to the lower end of its daily trading range, around the 0.9220-25 region. The pair built on the previous day s goodish rebound from the very important 200-day SMA support near the 0.9185 region and gained some traction through the first half of the trading action on Thursday. The underlying bullish sentiment in the financial markets undermined demand for the safe-haven Swiss franc and was seen as a key factor that provided a modest lift to the USD/CHF pair.

US: Philadelphia Fed Manufacturing Index improves to 50 2 in April vs 42 expected

4/15/2021 12:59:03 PM GMT | By Eren Sengezer Philly Fed Manufacturing Index rose sharply in April. US Dollar Index inches higher toward 91.70 after the data. The Federal Reserve Bank of Philadelphia reported on Thursday that the headline Manufacturing Activity Index of the Manufacturing Business Outlook Survey imorıoved to 50.2 in April from 44.5 in March. This reading beat the market expectation of 42 by a wide margin. Further details of the publication showed that the Prices Paid Index edged lower to 69.1 from 72.6, the Employment Index rose to 30.8 from 27.4 and the Six-month Business Conditions Index climbed to 66.6 from 59.1. Market reaction The US Dollar Index showed no immediate reaction to this report and was last seen posting small daily gains at 91.67.

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