Blogs

The USD/CAD climbed back over the 1.3200 handle on Thursday, pulling back from recent declines but still on pace to close in the red for a third straight week.

The Mexican Peso (MXN) continued to climb through the penultimate trading day of 2023, poised for a third straight week of gains against the US Dollar (USD) as the Greenback faces broad-market selling pressure.

The GBP/USD rose in early Thursday’s trading window, climbing to a 20-week high before slumping back and seeing a downside extension sparked by an unexpected climb in US Treasury yields during a 7-year T-note auction.

West Texas Intermediate (WTI) US Crude Oil extended a decline on Thursday, backsliding into the low end and testing below the $72 handle as market risk appetite sours following a surprise jump in US Treasury yields, and shrugging off a surprise decline in US crude stocks.

The US Dollar (USD) recovered to the 101.10 area during the American session after hitting a low of around 100.60.

In Thursday's session, the EUR/GBP is trading at 0.8695, posting a modest gain of 0.25%.

The focus is on 2024, particularly considering that the first week will be a busy one.

The GBP/USD rose in early Thursday’s trading window, climbing to a 20-week high before slumping back and seeing a downside extension sparked by an unexpected climb in US Treasury yields during a 7-year T-note auction.

The EUR/USD is seeing some rough chop on Thursday as holiday-thinned markets churn rounding the corner into the last trading day of 2023.

In Thursday's session, the USD/JPY pair declined to 140.25 but then recovered to 141.50.