October 20, 2020 7:35 am
New Zealand Dollar retreated along with its Australian counterpart on Tuesday, while hitting a two-week low against the greenback, as investor risk sentiment cooled ahead of a Tuesday deadline for a deal on a US coronavirus relief package. At the same time, the minutes from the Reserve Bank of Australia’s latest policy meeting showed board […]
Read moreOctober 19, 2020 7:47 am
After retreating more than 2% last week, AUD/USD began the new week on a stronger footing, supported by macro data showing China’s rebound from the coronavirus pandemic remained on track during the third quarter. China’s economy grew at an annualized rate of 4.9% in Q3, which fell short of market expectations of a 5.2% growth, […]
Read moreOctober 16, 2020 9:46 am
GBP/USD was attempting a rebound on Friday following Thursday’s retreat, as market players were expecting British Prime Minister Boris Johnson’s approach to Brexit negotiations later in the day. Previously, Johnson had set October 15th as a deadline after which Britain would leave the negotiations table in case a deal had not been secured. “There are […]
Read moreOctober 15, 2020 7:48 am
AUD/USD retreated to a fresh one-week low on Thursday as an announcement by the Reserve Bank of Australia raised speculation that interest rates might be cut in the near term, while the bank might increase purchases of longer-term government bonds. 10-year Australian bonds rallied on Thursday after RBA Governor Philip Lowe said yields were among […]
Read moreOctober 14, 2020 7:10 am
NZD/USD was edging up in early European session on Wednesday following remarks by a senior official from the Reserve Bank of New Zealand, but uncertainty surrounding a coronavirus vaccine and a new US fiscal stimulus package kept the safe haven US Dollar supported, while limiting kiwi gains. In a speech via video link during a […]
Read moreOctober 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 […]
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