EUR/JPY steadies after two days of losses, trading around 171.70 during the early European hours on Thursday. The currency cross moves little following the release of HCOB Purchasing Managers’ Index (PMI) data from Germany and the Eurozone.
The USD/CAD pair trades with a positive bias for the third consecutive day on Thursday and hovers near the 1.3880 region, or its highest level since May 21, during the Asian session.
USD/MXN retreated on Wednesday as investors became worried about the Federal Reserve’s independence, as the Trump administration “doubled up” their pressure on Fed officials, as revealed by Bloomberg.