EUR/JPY has lost almost 6% since late November. Economists at Société Générale analyze the pair's outlook ahead of the Bank of Japan (BoJ) meeting.
Blogs
NZD/USD rallies toward 0.6250 on improved economic data from New Zealand
NZD/USD continues to move on an upward trajectory that began on December 11, trading higher around 0.6240 during the European session on Monday.
German IFO Business Climate Index declines to 86.4 in December vs. 87.8 expected
The headline German IFO Business Climate Index declined to 86.4 in December from 87.2 in November.
Weak global growth and high levels of household debt continue to pose downside risks for AUD and NZD – MUFG
AUD/USD is still trading closer to multi-year lows. It is a similar story for NZD.
Germany IFO – Expectations below forecasts (85.8) in December: Actual (84.3)
Germany IFO – Expectations below forecasts (85.8) in December: Actual (84.3)
Gold price extends its consolidative price move despite softer USD and cautious market mood
Gold price (XAU/USD) edges higher during the Asian session on Monday and for now, seems to have stalled last week's modest pullback from the vicinity of the $2,050 area.
Germany IFO – Business Climate below forecasts (87.8) in December: Actual (86.4)
Germany IFO – Business Climate below forecasts (87.8) in December: Actual (86.4)
Germany IFO – Current Assessment registered at 88.5, below expectations (89.5) in December
Germany IFO – Current Assessment registered at 88.5, below expectations (89.5) in December
USD/MXN gains ground on subdued US Dollar, trades higher near 17.25
USD/MXN extends its gains on the second consecutive session, trading higher near 17.25 during the European hours on Monday.
USD/INR: Failure to reclaim the 50.DMA at 83.27 can spur a decline towards 82.65 – SocGen
The Indian Rupee enjoyed its best daily gain since March on Friday, with USD/INR returning below 83.00.