[MARKET UPDATE] USD under pressure, to the benefit of FX peers across the board. EUR/USD at a 1.1716 high, USD/JPY down to 159.40 and GBP/USD up to 1.3518
The USD is experiencing downward pressure, which favors its FX peers, as evidenced by significant moves in major currency pairs.
US Kansas Fed Manufacturing Index (Apr) 10 (Prev. 11)
Newsquawk Daily Economic Releases - 24th April 2026
[MARKET UPDATE] USD under pressure, to the benefit of FX peers across the board. EUR/USD at a 1.1716 high, USD/JPY down to 159.40 and GBP/USD up to 1.3518
PIMCO privately lends USD 10bln to Gulf in wartime bond deals, Bloomberg reports
A Pakistani diplomat tells the Saudi Al-Arabiya channel that there is a freeze in the negotiation track between the US and Iran and that both sides need to make concessions in order for the negotiations to continue
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The climb in EUR/USD to a 1.1716 high and gains in GBP/USD suggest strong demand for European currencies, while USD/JPY's drop to 159.40 indicates a potential risk-off sentiment impacting the dollar. This shift could have broader implications for interest rates and currency flows in the coming sessions.
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