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The Canadian Dollar (CAD) sees downside pressures across the major currencies board on Monday, getting pushed down the charts by a backsliding Crude Oil market to kick off the second week of 2024.
The Australian Dollar (AUD) continues to move on its losing streak for the sixth successive session on Friday.
The Pound Sterling (GBP) struggles for a firm footing on Friday, trading at around 1.2670 against the US Dollar in the early European session, as markets’ risk appetite gets sapped amid the uncertainty ahead of critical US economic data.
Price action around the Pound Sterling (GBP) was highly influenced by the US Dollar (USD) dynamics in the first week of the new trading year, while market participants continued to shrug off the holiday mood.
Moving Markets Today: Asia Tracks Wall Street Decline, Oil Prices Rise on Middle East Supply Concerns, China's December Services Surge, Spotlight on UK Services PMI and U.S. Labor Market Data