Forex Today: The FX galaxy now looks at the ECB… and US inflation
An unexpected rise in the US CPI in March propelled the Greenback to yearly highs and kept the risk complex under renewed and strong downside pressure.
Source: fxstreet.com
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EUR/USD extends recovery near 1.0840 on weaker US Dollar
The EUR/USD pair extends recovery and flirts with the 100-day Exponential Moving Average (EMA) around 1.0840 on Thursday during the early Asian session.
Source: fxstreet.com
Forex Today: Dollar hurt by data and risk appetite
Further selling pressure prompted the Greenback to retreat further and put the USD Index (DXY) on track to challenge the 104.00 support after weaker-than-expected.
Source: fxstreet.com
Mexican Peso edges higher against US Dollar on Mexico's jobs data
The Mexican Peso appreciated against the US Dollar in early trading on Thursday after an inflation report in the United States was revealed, while Initial Jobless Claims rose above expectations for the first time in four consecutive weeks.
Source: fxstreet.com
Forex Today: Inflation and rate cut bets come to the fore
The Greenback gathered some fresh upside traction against the backdrop of rising cautiousness prior to the release of US inflation figures measured by the PCE on Thursday.
Source: fxstreet.com