October 13, 2020 7:11 am
AUD/USD extended losses from the previous trading day on Tuesday, despite a rally in other risk-sensitive assets, as concerns emerged over worsening trade relations between Australia and China, its largest trading partner. A report by S&P Global Platts, citing sources with knowledge of the situation, said that state-owned utilities and steel mills in China had […]
Read moreOctober 12, 2020 8:15 am
NZD/USD eased from last Friday’s 2 1/2-week high in Asian trade on Monday, as the offshore Chinese yuan depreciated following an announcement by the People’s Bank of China that the reserve requirement ratio for financial institutions for foreign exchange forwards trading would be reduced. Analysts suggest that such a move aims to achieve a lower […]
Read moreOctober 9, 2020 9:42 am
GBP/USD was holding gains from the previous two trading days on Friday, drawing support from better prospects of a Brexit deal, while investor bets that Joe Biden would win the US presidential election and his administration would offer fiscal aid afterwards rose, weighing on safe haven US Dollar. Some major banks on Wall Street project […]
Read moreOctober 8, 2020 7:11 am
AUD/USD extended gains from the previous trading day on Thursday as renewed hopes over some US fiscal spending supported investor risk sentiment. Reports emerged stating that US President Trump and House Speaker Nancy Pelosi were open to reaching an agreement on fiscal aid for the airline industry, regardless of that Trump had already called off […]
Read moreOctober 7, 2020 7:11 am
NZD/USD was trading in proximity to one-week lows on Wednesday, following its steepest single-day drop since September 23rd on Tuesday, as market sentiment took a hit after US President Trump’s decision to call off talks on fiscal stimulus with Democrat lawmakers. Trump, who is still under treatment for COVID-19, surprised markets on Tuesday by calling […]
Read moreOctober 6, 2020 7:08 am
AUD/USD erased earlier gains on Tuesday, as in spite of a softer US Dollar, the prospects of further monetary stimulus by the Reserve Bank of Australia weighed on the Aussie. The pair briefly advanced above the 0.7200 mark, after the RBA left the cash rate without change at a record low level of 0.25% at […]
Read moreOctober 2, 2020 7:00 am
NZD/USD eased from Thursday’s one-week high and looked set to snap a five-day streak of gains on Friday, as risk sentiment dampened following reports that US President Trump tested positive for COVID-19. In a tweet, Trump said that he and first lady Melania would enter quarantine after Hope Hicks, a senior advisor who had recently […]
Read moreOctober 1, 2020 7:15 am
AUD/USD extended gains from the previous three trading days on Thursday, while touching a fresh one-week high in early European session, as robust US macro data and optimism over US fiscal stimulus bolstered investor risk sentiment. US Treasury Secretary Steven Mnuchin said on Wednesday that negotiations with House Speaker Nancy Pelosi had “made a lot […]
Read moreSeptember 30, 2020 7:06 am
NZD/USD was holding gains from the previous trading day in early European session on Wednesday. Still, however, the major pair was set to register its first monthly loss since March, being down 2.26% so far in September, as market players expect the Reserve Bank of New Zealand to introduce negative interest rates and adopt further […]
Read moreSeptember 29, 2020 6:57 am
AUD/USD continued its rebound from last Friday’s two-month low on Tuesday, as market expectations of a rate cut by the Reserve Bank of Australia were pushed back to November from a policy meeting next week. Additional support for the Aussie came with improving risk sentiment across a range of markets. Yesterday Westpac analysts revised their […]
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