Forex Today: Japanese Yen selling pauses, market attention shifts to PMI data

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 24 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 72%

Majors News

Currencies,Macroeconomics,Economicindicator

Here is what you need to know on Thursday, October 24: After suffering large losses against its major rivals on Wednesday, the Japanese Yen (JPY) stages a rebound early Thursday.

Here is what you need to know on Thursday, October 24: After suffering large losses against its major rivals on Wednesday, the Japanese Yen stages a rebound early Thursday. S&P Global will release preliminary October Manufacturing and Services Purchasing Managers' Index data for Germany, the Eurozone, the UK and the US later in the session. The US economic calendar will also feature weekly Initial Jobless Claims data andNew Home Sales figures for September.

USD/CAD stretched higher following the BoC event and touched its highest level since early August above 1.3860. The pair stays on the back foot early Thursday and declines toward 1.3800. EUR/USD continued to push lower and closed the third consecutive day in the red on Wednesday. The pair recovers modestly in the European morning but stays below 1.0800. GBP/USD lost 0.5% on Wednesday and came in within a touching distance of 1.2900. The pair edges higher toward 1.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

5000+ Forex Companies attending Forex Expo Dubai 20245000+ Forex Companies attending Forex Expo Dubai 2024
Source: Utoday_en - 🏆 295. / 63 Read more »