The Japanese yen and the Swiss franc are the big gainers as commodity currencies are slumping hard now ahead of European morning trade. AUD/USD just briefly hit its lowest for the year, touching 0.6348 and threatening a sustained drop below its April lows now:
Meanwhile, USD/JPY has also plunged further to 141.75 and is down over 3% on the day. USD/CHF is also marked down by 1.4% to 0.8450 and USD/CAD is up 0.4% to 1.3930 to its highest since October 2022.
This article was written by Justin Low at www.forexlive.com.
Related Articles
ECB’s Lane: Monetary policy should not remain restrictive for too long
Barring new geopolitical or political risks, a large part of the final...
Reminder: It will be a holiday-shortened week in the US
And typically, that means broader markets will likely observe a more quiet...
Dollar down as Trump picks Scott Bessent for role of Treasury secretary
The initial reaction seems to be that billionaire Scott Bessent is a...
FX option expiries for 25 November 10am New York cut
There are just a couple to take note of, as highlighted in...
Leave a comment