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AUD/USD gains as Fed rate cut bets weigh on USD, focus on Australian GDP
AUD/USD trades around 0.6550 on Tuesday at the time of writing, up 0.20% on the day. The pair benefits from a slightly stronger risk tone and a US Dollar (USD) weakened by rising expectations of additional monetary easing from the Federal Reserve (Fed).
Fxstreet
Tue, Dec 2
EUR/JPY snaps three-day losing streak as solid JGB auction weakens the Yen
The Euro (EUR) edges higher against the Japanese Yen (JPY) on Tuesday as the Yen weakens in response to easing Japanese Government Bond (JGB) yields after the latest 10-year auction sees solid demand. At the time of writing, EUR/JPY is trading around 186.29, snapping a three-day losing streak.
Fxstreet
Tue, Dec 2
EUR/USD holds tight around 1.1610 – BBH
EUR/USD remains range-bound near 1.1610, with support at 1.1500 and resistance at the 100-day moving average of 1.1644. Eurozone November CPI data reinforces the ECB’s on-hold stance, with headline inflation at 2.2% y/y and core CPI steady at 2.4% y/y, BBH FX analysts report.
Fxstreet
Tue, Dec 2
USD/JPY picks up to levels past 156.00 amid an improving market mood
The US Dollar remains bid against a softening Japanese Yen on Tuesday's European trading session. A somewhat brighter market mood is weighing on JPY, and provides support to the Greenback to extend its recovery from Monday’s lows near 154.65 to levels above 156.00 at the time of writing.Fxstreet
Tue, Dec 2
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