Blogs

The Canadian Dollar (CAD) pivots around familiar levels on Thursday as broad-market flows take the driver’s seat in the back half of the trading week.

The Euro (EUR) fell against most of its major currency peers on Thursday as Euro investors rebalance their exposure.

Another positive set of results in US key indicators lent oxygen to the upside bias in the greenback and underpinned the tighter-for-longer narrative around the Fed.

Pound Sterling turns subdued as focus shifts to UK Retail Sales data The Pound Sterling (GBP) grinds between risk-off market mood and stubbornly high UK Consumer Price Index (CPI) data for December.

The US Dollar (USD) is caught in an upbeat mood with the DXY Index trading at 103.50.

In Thursday's session, the EUR/JPY recorded slight losses, settling at 160.86 after a peak at 161.40, its highest since early December.

The Mexican Peso (MXN) is virtually unchanged against the US Dollar (USD) after a tranche of mixed economic data from the United States (US) and traders paring rate cut bets on the Federal Reserve (Fed), which is keeping the Greenback (USD) bid across the board.

The Pound Sterling (GBP) stayed firm against the US Dollar (USD) on Thursday, courtesy of a hot inflation report on Wednesday, coughing traders by surprise, which trimmed bets the Bank of England (BoE) would ease policy as they initially expected.

Argentina Trade Balance (MoM) registered at $1018M above expectations ($536M) in December