The Euro extends its losses versus the US Dollar following a hot US employment report, that witnessed the economy created more than 300,000 jobs in January.
The USD/JPY bounces from around the 146.00 handle and prints a new three-day high at 148.05 after a strong US Nonfarm Payrolls report pushed aside Federal Reserve’s rate cut speculations amongst the investment community.
The Aussie Dollar (AUD) begins Thursday’s Asian session unchanged versus the US Dollar (USD) as the US Federal Reserve (Fed) decides to hold rates and opens the door to ease policy in 2024.
The EUR/USD trims some losses, though it remains virtually unchanged after the US Federal Reserve (Fed) decided to hold rates unchanged and shrugged off market bets to cut rates in March.
The AUD/USD prints minimal gains as the Asian session begins, following Thursday’s session that witnessed the Aussie Dollar (AUD) bouncing off year-to-date (YTD) lows of 0.6508 on mixed US economic data.