US Dollar continues to weaken, FOMC minutes eyed
At the start of the week, the US Dollar, measured by the DXY index, declined toward 103.45 and saw a 0.35% loss.
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At the start of the week, the US Dollar, measured by the DXY index, declined toward 103.45 and saw a 0.35% loss.
The NZD/JPY sharply declined in Thursday’s session, seeing more than 1% losses and trimming all of Wednesday’s gains as the cross consolidated the rally which took it to a multi-year high of 91.20.
The USD/JPY found some lift on Wednesday's session and advanced to 150.90, seeing 0.30% gains.
The EUR/GBP trades with strong gains around the 0.8740 area with the pair clearing Mondays and Tuesdays' losses.
The USD/CHF observed measured downward movements on Wednesday while trading near 0.8885, with the trajectory of the pair being set by soft US PPI and strong Retail Sales from the US from October.