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Forex Today: Choppy action continues as investors await next catalyst
Here is what you need to know on Wednesday, June 26: Major currency pairs continue to fluctuate in familiar ranges as market participants refrain from taking large positions in the absence of fundamental drivers.Fxstreet
Jun 26, 2024
GBP/USD Price Analysis: Consolidates below 1.2700; 50/100-day SMAs confluence holds the key
The GBP/USD pair extends its sideways consolidative price move for the second straight day and remains confined in a narrow range below the 1.2700 mark during the Asian session on Wednesday.Fxstreet
Jun 26, 2024
USD/JPY consolidates near two-month top, remains below 160.00 amid risk of intervention
The USD/JPY pair oscillates in a narrow trading range during the Asian session on Wednesday and is currently placed, around the 159.70-159.75 region, or just below a nearly two-month peak touched earlier this week.Fxstreet
Jun 26, 2024
Mexican Peso plunges on Fed hawkish comments
The Mexican Peso depreciated sharply against the US dollar as Federal Reserve (Fed) Governor Michelle Bowman was hawkish compared to San Francisco Fed President Mary Daly, who was concerned about the labor market, stressing that the dual mandate risks are balanced.
Fxstreet
Jun 25, 2024
