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US dollar fades broadly

The US dollar is at the best levels of the day as the market digests strong US consumption data and rising core inflation.USD/JPY has fallen 75 pips to 149.64.Adding to the weakness in the US dollar is a report from Al Jazeera that Israel-Hamas ceasefire negotiations are 'progressing rapidly' though that story has also run into a healthy does of skepticism. Oil has fallen about $1 from the highs.The dollar is also soft against the euro and pound but trading is volatile with eyes on stocks and b... Read More

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Content Topics

Dollar

Fades

Broadly

Forex

Posted: Oct 27 2023, 13:53

Author Name: forexlive

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