USD runs back to the downside after brief run higher after PPI ...Middle East

The USD has run back to the downside, after a brief move higher after the higher than expected PPI data:GBPUSD: The GBPUSD is extending to a new high for the year and new high going back to July 27 when the price hit 1.2995 (just short of 1.3000). The old high and the natural resistance at the 1.3000 to give traders some cause for pause from a technical perspective, with stops on a break to the upside.USDJPY: The USDJPY is testing the 61.8% retracement (again) of the move up from the June 5 low. Yesterday after the US CPI and intervention from the Bank of Japan (?), the price fall did stall at that level. The highs this week in the USDJPY could not extend above the high from last week. The

Hence then, the article about usd runs back to the downside after brief run higher after ppi was published today ( Friday 12/07/2024 - 04:34 PM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( USD runs back to the downside after brief run higher after PPI )

Also on site :

• We Asked 4 Psychologists the Best Phrase To Use With Adult Children To Transform Your Relationship—They All Said the Same Thing
• Trump celebrates 80th birthday with a UFC fight at the White House as Americans pay the price for his Iran war
• Republican attorneys general urge EPA to classify mifepristone as water contaminant