Yesterday, the pair slightly decreased after the publication of data from the University of Michigan, reflecting a drop in consumer confidence in the USA.
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Today, during the Asian session, the USD/CAD pair is slightly decreasing, continuing to develop the correctional impulse that formed on the market at the beginning of the week.
USD today is trading flat against CHF, located not far from local lows since April 2. The markets in the US and Europe are closed due to Good Friday. Published macroeconomic statistics from the US puts pressure on USD. Yesterday, investors drew attention to the release of information on Initial Jobless Claims.
AUD shows ambiguous dynamics of trading against USD and is consolidating near local highs since March 12, updated the day before. Today, exchanges are closed in many countries due to Good Friday, so trading activity remains low.
The pair continues correcting upwards and is trading near 0.6080 amid a possible continuation of USD weakening.
GBP today strengthened against USD after the publication of controversial February statistics in the UK. GBP was supported by Manufacturing Production, the level of which grew by 0.5% MoM, exceeding the forecast of 0.1%.
Today, during the Asian session, the NZD/USD pair is growing moderately, trading near the local highs since March 31. NZD is strengthening due to the development of USD correction dynamics, which is slightly weakening due to improved investor sentiment in the market.
The pair continues declining moderately amid the strengthening of USD against a basket of world currencies. USD Index is currently trading at 100.100, which led to a decrease in the pair to the current level of 1.4000.
Today, during the Asian session, the EUR/USD pair is growing slightly, continuing to develop the “bullish” momentum formed on Tuesday. Yesterday, EUR declined due to the failure of the Eurogroup negotiations, which lasted more than 15 hours.
Today, during the Asian session, the USD/JPY pair is growing moderately, recovering from a pullback on Tuesday. Now, the US currency is trying to consolidate above 109.00 supported by high demand for shelter assets.