Blogs

The AUD/USD pair extends its downside above the mid-0.6600s during the early Asian session on Tuesday.

The EUR/JPY rose above the Ichimoku Cloud (Kumo), turned bullish on Monday, and gained some 0.63% after hitting a daily low of 158.58.

The Euro (EUR) is in the green against its major currency pairs, taking top spot as one of the best-performing currencies in Monday trading.

The NZD/USD skidded back into near-term lows on Monday, falling through the 0.6200 handle as the Kiwi (NZD) sold off against the US Dollar (USD) in a broad-market Greenback bid as markets rebalanced with US markets shuttered in observance of Martin Luther King Day.

The Aussie Dollar (AUD) prints gains versus the Japanese Yen (JPY) on Monday amid a risk aversion environment, which usually is a headwind for the AUD/JPY pair.

The New Zealand Institute of Economic Research (NZIER) released their quarterly Business Confidence indicator for the fourth quarter of 2023, showing another 2% decline in headline business sentiment, though the figure represents a significant improvement from the previous quarter's -52%.

The US Dollar (USD) is enjoying slight gains with the DXY Index trading at 102.60, while US traders celebrate Martin Luther King Jr.’s holiday.

In Monday's session, NZD/JPY experienced a slight drop to 90.35 following losses from its daily high at 90.55.