The EUR/USD climbed on Thursday, bolstered back into the 1.1000 handle as broad-market risk appetite pinned into the high side, fueled by US inflation figures continuing to decline faster than market forecast models can account for.
Blogs
Forex Today: US Dollar shows renewed weakness ahead of US Core PCE data
During the Asian session, Japan will release the National Consumer Price Index for November, and the Bank of Japan will release the minutes of the October meeting.
Mexican Peso pushes into familiar highs on Thursday as risk appetite rebounds
The Mexican Peso (MXN) is on the rebound for Thursday, gaining ground against the US Dollar (USD) as broader markets sell off the Greenback despite mixed results from the day’s slew of US data points.
WTI whips on Thursday as Crude Oil markets roil on Red Sea attacks, Angola quitting OPEC
West Texas Intermediate (WTI) Crude Oil tumbled nearly three percent to $72.50 per barrel on Thursday after Angola formally announced it would be leaving the Organization of the Petroleum Exporting Countries (OPEC), citing a lack of benefit to participating in the global oil cartel’s framework.
Silver Price Analysis: XAG/USD jumps higher on weaker US Dollar
In Thursday's trading session, the Silver's spot price XAG/USD edged higher and reached a level of around $24.30.
Argentina Unemployment Rate (QoQ) : 5.7% (3Q) vs previous 6.2%
Argentina Unemployment Rate (QoQ) : 5.7% (3Q) vs previous 6.2%
NZD/USD catches a ride on broad-market risk bid but fails to recapture 0.6300
The NZD/USD caught a ride back up the charts on Thursday as market sentiment tips firmly risk on US economic data showing inflation continues to erode faster than markets previously expected.
USD/CHF heading for 0.8500 as Swiss Franc climbs into four-month high against Greenback
The USD/CHF slipped through the 0.8600 handle on Thursday as broader markets push over the US Dollar (USD), bolstering all other major currencies across the board and lifting the Swiss Franc into a new twenty-week high against the Greenback.
United States 4-Week Bill Auction fell from previous 5.27% to 5.265%
United States 4-Week Bill Auction fell from previous 5.27% to 5.265%
USD/CAD pierces 1.33 in broad-market Greenback selloff
The USD/CAD eased into 1.3300 as the Canadian Dollar (CAD) gets one last crack at the handle as markets gear up for the holiday shutdown with a broad-base selloff of the US Dollar (USD).