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  Introduction EUR/USD holds firm around 1.0900 in the Asian session, retracing slightly from its six-week peak of 1.0915 after dovish comments by Fed Chair Jerome Powell. The pair breached the crucial 1.0900 level, reaching multi-week highs amid increased selling pressure on the US Dollar. Meanwhile, GBP/USD maintains strength below 1.2750, buoyed by a weakened US Dollar and positive news from the UK Spring Budget. Japanese Yen rallies to 148.00 against USD as Bank of Japan officials raise rate hike expectations, while USD/CHF hovers above 0.8800, influenced by speculation of a Fed rate cut in June. Markets In Focus Today – EUR/USD EUR/USD Holds Steady Near 1.0900 Ahead Of The ECB Interest Rate Decision. EUR/USD remains steady around 1.0900 during the Asian session on Thursday, retracing slightly from its six-week high of 1.0915 reached in the prior session following dovish remarks by Fed Chair Jerome Powell during his testimony before the House Financial Services Committee. Final...

  Introduction: The provided content discusses recent developments in currency pairs in the foreign exchange market. It covers the NZD/USD pair’s decline due to downbeat consumer inflation in New Zealand and the potential impact of U.S. data. Additionally, it touches on the USD/CAD pair’s price recovery, the USD/CHF pair’s movements amid renewed USD demand, and the EUR/GBP pair’s response to UK wage inflation data. These insights provide a snapshot of the current market conditions for these currency pairs. NZD/USD: NZD/USD Declines To 0.5900 On Downbeat Kiwi Consumer Inflation, US Data Eyed. NZD/USD reverses recent gains following weaker New Zealand economic data. The Kiwi headline CPI (Q3) increased to 1.8% from the anticipated 2.0%; the annual rate decreased. The US dollar could admire the improved US Treasury yields. NZD/USD pulled back from the recent gains following the release of negative consumer inflation data from New Zealand, trading down around 0.5900 during the early Eu...

  Introduction: In recent financial news, the Euro (EUR) experienced a notable two-day surge, its strongest since mid-September. However, growing caution among retail traders, with 65% holding net-long positions on EUR/USD, hints at a potential bearish outlook. Concurrently, the U.S. is set to tighten chipmaking equipment export rules to China, straining bilateral relations. Meanwhile, the British Pound (GBP) dipped slightly amid a fifth week of losses due to a robust U.S. Dollar, while U.K. house prices showed slight improvement. Japan also redefined “excessive” yen volatility thresholds as a precaution, and the U.S. Dollar Index (DXY) hit an 11-month high, with 12 consecutive weeks of gains expected, while AUD and NZD faced declines due to central bank decisions. Markets In Focus Today – EUR/USD: Euro Rises For Second Consecutive Session Amidst Growing Retail Trader Concerns In a remarkable two-day performance, the Euro has surged in value for the second consecutive trading sessi...

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