The GBP/USD treads water near 1.2760 during the European session on Monday, recovering intraday losses as the US Dollar (USD) loses ground on the weaker US bond yields, coupled with the softer Producer Price Index (PPI) data from United States (US).
Blogs
UK: Further evidence of disinflation would weaken the GBP – MUFG
The Pound Sterling (GBP) has outperformed at the start of 2024.
USD/CAD returns above 1.3400 amid a weaker market sentiment and lower Oil prices
The US Dollar is building up favoured by a weaker market sentiment.
Pound Sterling slides amid caution ahead of UK labor market data
The Pound Sterling (GBP) remains muted as investors await the United Kingdom labor market data for three-months ending November, which will be published on Tuesday.
EUR/USD drops to near 1.0940 as US Dollar recovers in a thin-volume trading session
The EUR/USD pair falls to near 1.0940 in the European session.
AUD/USD drops as market sentiment falters, approaching support at 0.6640
The Aussie is under growing bearish pressure amid a deteriorating market mood.
USD/JPY: Yen weakness can remain for longer – MUFG
The biggest mover amongst G10 currencies at the start of this year has been the Japanese Yen (JPY).
US Dollar is more at risk of a rebound than a further correction from these levels – ING
In the United States (US), rate expectations are still disjointed from data.
Eurozone Trade Balance s.a. increased to €14.8B in November from previous €10.9B
Eurozone Trade Balance s.a. increased to €14.8B in November from previous €10.9B
Eurozone Industrial Production w.d.a. (YoY) registered at -6.8%, below expectations (-5.9%) in November
Eurozone Industrial Production w.d.a. (YoY) registered at -6.8%, below expectations (-5.9%) in November