Blogs

The Mexican Peso (MXN) registers minuscule losses against the US Dollar (USD) on Thursday after economic data from the United States (US) witnessed the economy continuing to grow above trend, though below last year’s Q3 4.9% final reading.

The EUR/JPY remains under pressure extending its losses in the week for the fourth consecutive day, down 0.26% and exchanging hands at 160.13 after hitting a daily high of 160.97.

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Firmer-than-expected US GDP figures lent support to the US Dollar and further reinforced the already resilient stance of the economy, relegating to a secondary role the impassive ECB event, where C.

West Texas Intermediate (WTI), the US crude oil benchmark, rose almost 2% on Thursday following the latest release of Gross Domestic Product (GDP) figures in the United States (US).

In Thursday's session, the AUD/JPY was spotted at 97.20, benefitting from 0.25% gains.

European equities saw moderate gains on Thursday after the European Central Bank’s (ECB) dovish hold on interest rates saw investor risk sentiment improve on increased hopes of rate cuts heading into the middle of 2024.

The AUD/USD is virtually unchanged during the North American session, although the US economy grew at a faster pace than expected.

United States 7-Year Note Auction climbed from previous 3.859% to 4.109%

United States 4-Week Bill Auction declined to 5.28% from previous 5.285%