NZD/JPY Price Analysis: Bulls maintain dominance, overbought conditions may fuel a correction
In Thursday’s session, the NZD/JPY rose to 93.34, rallying by 0.52% reaching its highest level since 2015.
Source: fxstreet.com
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EUR/JPY Price Analysis: Reclaims 162.00 as buyers target 163.00 before reaching overbought levels
The Euro clings to decent gains versus the Japanese Yen late during the North American session, amid a mixed market mood.
Source: fxstreet.com
The Malaysian Ringgit and Thai Baht face persistent depreciatory pressures
The USD/MYR pair is trading above 4.80, marking a 4.5% decline year-to-date for the Malaysian ringgit against the US dollar.
Source: fxstreet.com
PBoC sets USD/CNY reference rate at 7.1030 vs. 7.1068 previous
The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Wednesday at 7.1030 as compared to the previous day's fix of 7.1068 and 7.1877 Reuters estimates.
Source: fxstreet.com
Forex Today: US Dollar on the back foot ahead of FOMC Minutes, Fedspeak
Here is what you need to know on Wednesday, February 21: The US Dollar (USD) struggled to find demand on Tuesday, with the USD Index posting its lowest daily close in two weeks near 104.00.
Source: fxstreet.com