The incessant appreciation of the Japanese currency hurt the Greenback, dragging USD/JPY to new two-month lows near the 153.00 region.
On another front, poor PMIs in the euro area undermined hopes of a sustained recovery in the region. Here is what you need to know on Thursday, July 25: The USD Index receded modestly on the back of further advance in the Japanese yen and mixed US yields across the curve. On July 25, the advanced Q2 Growth Rate takes centre stage followed by Durable Goods Orders and weekly Initial Jobless Claims. EUR/USD added to Tuesday’s losses and put the 200-day SMA near 1.
The CBI Industrial Trends Orders are expected on July 25. The sell-off in USD/JPY approached the 153.00 region, or two-month lows, amidst the persistent recovery in the Japanese currency. Weekly Foreign Bond Investment figures are only due on July 25 on the Japanese docket. AUD/USD remained on the back foot and dropped below the 0.6600 level to hit the key 200-day SMA and reach six-week lows. There will be no data releases in Oz on July 25. WTI prices regained a small smile and retested the $78.
Unitedstates Dollarindex Currencies EURUSD
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Forex Today: Investors look at US PCE and French electionsThe Greenback regained further traction and climbed to multi-week highs on the back of the Fed’s policy divergence vs.
Read more »
Forex Today: Choppy action continues as investors await next catalystHere is what you need to know on Wednesday, June 26: Major currency pairs continue to fluctuate in familiar ranges as market participants refrain from taking large positions in the absence of fundamental drivers.
Read more »
Forex Today: Investors’ attention now looks at FedspeakThe ECB left its policy rates unchanged, as expected, while President Lagarde also failed to surprise markets.
Read more »
Forex Today: Investors hope for US inflation data to wake markets upHere is what you need to know on Thursday, July 11: The action in foreign exchange markets remain subdued in the second half of the week following Federal Reserve Chairman Jerome Powell's two-day Congressional testimony.
Read more »
Forex Today: US Dollar consolidates weekly gains as focus shifts to key inflation dataHere is what you need to know on Friday, June 28: The US Dollar Index holds steady at around 106.00 early Friday, fluctuating near the multi-week high it set this week.
Read more »
Forex Today: US Dollar awaits key data, Japanese Yen holds near multi-decade lowsHere is what you need to know on Thursday, June 27: The Japanese Yen (JPY) recovers slightly after falling to its weakest level since 1986 against the US Dollar (USD) on Wednesday.
Read more »