The US Dollar is on the backfoot after the December Producer Price Index got released. Traders are easing their US Dollar position heading into Wednesday’s CPI […]
Tag: retreats
GBP/USD retreats from multi-week top, slides below 1.2700 on stronger USD
GBP/USD kicks off the new week on a weaker note amid the emergence of some USD buying. Trump’s tariff threats, geopolitical risks and bets for […]
NZD/JPY retreats sharply from two-week top post-RBNZ, seems vulnerable near 88.00
NZD/JPY plummets around 150 pips intraday in reaction to the RBNZ’s surprise 25 bps rate cut. RBNZ Governor Adrian Orr noted that we are going […]