Blogs

The US Dollar (USD) is currently trading at 103.05, with a declining trend, largely triggered by the release of soft labor market data on Thursday that outshadowed strong ISM PMIs figures.

On Thursday's session, the AUD/JPY experienced a downturn, hovering at 96.18 after hitting a its lowest level since mid December near 95.50.

In Thursday's session, the XAU/USD was spotted rallying to $2,055, depicting a bullish outlook on the daily chart with buyers gaining ground.

The FX universe witnessed a resumption of the appetite for the risk-linked assets ahead of the imminent release of the US labour market report at the end of the week.

New Zealand's fourth-quarter Building Permits saw a decline in the seasonally-adjusted QoQ figure compared tp September, sliding 3.4% and adding additional downside to the previous quarter's 13% decline.

Pound Sterling bounces back strongly as BoE holds higher interest rates narrative The Pound Sterling (GBP) recovers swiftly as the Bank of England (BoE) has kept interest rates steady at 5.25%.

The Mexican Peso (MXN) climbed against the US Dollar (USD) on Thursday as market participants digested the latest Federal Reserve (Fed) decision.

The Pound Sterling (GBP) gained some ground against the US Dollar (USD) during the North American session following back-to-back monetary policy decisions by the Bank of England (BoE) and the US Federal Reserve (Fed).

United States Total Vehicle Sales declined to 15M in December from previous 15.8M

European indexes broadly shed points on Thursday after investor sentiment soured with mixed Europe earnings vexing investors and inflation continues to weigh on markets hoping for rate cuts from central banks to ease financing costs.