October 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 […]
Read moreSeptember 28, 2020 10:55 am
GBP/USD hit a fresh one-week high during late European session on Monday, supported by investor optimism that the UK could strike a post-Brexit trade deal with the EU by next month, or at least avoid a messy departure from the political and economic union. Both sides need to come to an agreement until the end […]
Read moreSeptember 25, 2020 7:02 am
NZD/USD rebounded from Thursday’s one-month low on Friday, as the US Dollar eased from a two-month peak against peers, but still, market players were not convinced if the greenback’s upward move had been exhausted due to uncertainty surrounding US fiscal stimulus. “I personally think the dollar’s rise and risk-off trade could continue. The U.S. news […]
Read moreSeptember 24, 2020 7:01 am
AUD/USD retreated for a fifth straight trading day on Thursday, as it hit a fresh two-month low in late Asian session, pressured by prospects of further monetary policy easing in Australia, while investor risk appetite waned due to slowing business activity in the US in September and surging new COVID-19 infections in Europe. “Risk is […]
Read moreSeptember 23, 2020 7:01 am
NZD/USD continued to edge lower on Wednesday, while touching a fresh one-month low, as the US Dollar strengthened to a two-month high against major peers, while the Reserve Bank of New Zealand kept monetary policy unchanged, but indicated that interest rates might be taken below zero next year. The RBNZ kept the official cash rate […]
Read moreSeptember 22, 2020 8:00 am
AUD/USD extended losses from the prior trading day and touched a fresh one-month low on Tuesday, as the US Dollar remained firm near a six-week high, while Reserve Bank of Australia Deputy Governor Guy Debelle listed several policy options, including currency market intervention and negative interest rates, which the RBA was considering to achieve its […]
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