Here is what you need to know on Thursday, December 21: Major currency pairs stay relatively calm early Thursday as investors wait for the US Bureau of Economic Analysis to publish final revisions to the third-quarter Gross Domestic Product (GDP) data.
The Mexican Peso (MXN) is holding in place, pinned into recent highs against the US Dollar (USD) as broad-market selling pressure keeps the Greenback in place and gives the Peso a chance to cover more ground even as a dovish Banco de Mexico (Banxico) weighs the potential for rate cuts as soon as 2024’s first quarter.
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The AUD/USD has kicked into a 16-week high twice on Tuesday, climbing into 0.6632 early in the session despite a downside print in Australian Retail Sales.
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