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USD has broadly strengthened since 5AM this morning, with $NOK, $CHF, and $JPY depreciating the most vs. USD. The $KRW was strongest vs. USD with a 0.106% return, while the $NOK was weakest vs. USD with a -0.391% return. #Forex https://t.co/pkvPBm7qEI
The JPY is the strongest and the AUD is the weakest as the NA session begins https://t.co/VeYJIVwJ8g
The biggest movers in global FX overnight, based on volatility adjusted returns, were #EURCAD, #EURAUD, #USDHKD, #TWDCNH, & #AUDNZD. For USD crosses, 12 out of 28 had positive returns. For EUR crosses, 7 out of 13 had positive returns. #Forex https://t.co/95P8rjDtFz
The latest currency strength charts indicate significant fluctuations in global forex markets. The Japanese Yen (JPY) has emerged as the strongest currency, followed by the Australian Dollar (AUD) and the US Dollar (USD). The British Pound (GBP) and the Euro (EUR) also performed well. In contrast, the Swiss Franc (CHF) and the New Zealand Dollar (NZD) showed mixed results. The Mexican Peso (MXN) has depreciated by 0.73% or 14 centavos to around 19.40 pesos per dollar, reflecting market reactions to upcoming inflation data in Mexico and the US, as well as anticipated monetary policy minutes from the Federal Reserve and Banco de México. Additionally, hedge funds have doubled their bets on the appreciation of the Mexican Peso. The peso also saw a 0.46% depreciation against the dollar.
