August 21, 2020 6:58 am
AUD/USD extended gains from the prior trading day and remained not far from 18 1/2-month highs on Friday, as the US Dollar softened against a basket of six major peers after an unexpected rise in US jobless claims and a drop in US bond yields. The number of American citizens filing for unemployment assistance unexpectedly […]
Read moreAugust 20, 2020 6:45 am
New Zealand Dollar registered its biggest single-day drop against its US counterpart since August 7th on Wednesday after the Minutes from the Federal Reserve’s July meeting provided little clues over whether a more dovish policy shift can be observed in September. NZD/USD remained mostly flat in early European session on Thursday. Many have speculated that […]
Read moreAugust 19, 2020 7:07 am
AUD/USD extended gains from the prior three trading days and remained close to yesterday’s 18 1/2-month highs on Wednesday amid continuing political wrangling over the next US coronavirus aid bill, as market players awaited the Minutes from the Federal Reserve’s most recent meeting for further clues over policy. Speculation has emerged that an average inflation […]
Read moreAugust 18, 2020 7:23 am
NZD/USD resumed slide on Tuesday, as the kiwi dollar remained under pressure amid continuing lockdown restrictions in Auckland and expectations of further monetary easing by Reserve Bank of New Zealand in the future. The New Zealand Dollar retreated despite broad weakness of its US counterpart. The US Dollar weakened against a basket of six major […]
Read moreAugust 17, 2020 11:17 am
GBP/USD extended gains from the prior two trading days and was holding above the 1.3100 mark during late European session on Monday, after weekly CFTC futures data showed investors’ net short speculative position on the Sterling had shrunk for a second straight week. The CFTC reported that speculators’ net short position on the British currency […]
Read moreAugust 17, 2020 7:07 am
AUD/USD extended gains from the prior trading day and hit a fresh one-week high during early Asian session on Monday on investor relief following a delay in the review of the “Phase One” trade deal between the United States and China, which left the agreement intact. “That’s good news in the sense that it’s something […]
Read moreAugust 14, 2020 7:15 am
NZD/USD extended losses from the prior trading day on Friday and was set to register its third straight week of decline, as a combination of dovish RBNZ policy stance and COVID-19 resurgence in New Zealand mounted pressure on the kiwi dollar. Reserve Bank of New Zealand expanded its Large Scale Asset Purchase (LSAP) programme from […]
Read moreAugust 13, 2020 7:07 am
AUD/USD extended gains from the prior trading day on Thursday after better-than-anticipated employment data from Australia indicated economy remained resilient amid ongoing COVID-19 outbreak in Melbourne. The latest report by the Australian Bureau of Statistics showed economy created 114,700 jobs in July, or almost three times more than what analysts on average had expected. The […]
Read moreAugust 12, 2020 11:10 am
GBP/USD steadied in late European trade on Wednesday, after earlier slipping to lows unseen in nearly a week, as a softer US Dollar overshadowed the impact of a record contraction in UK Gross Domestic Product reported earlier today. According to the preliminary data by the Office for National Statistics, UK’s economy shrank at a quarterly […]
Read moreAugust 12, 2020 6:58 am
NZD/USD slipped to lows not seen in a month during mid-Asian session on Wednesday, after Reserve Bank of New Zealand bolstered its Large Scale Asset Purchase (LSAP) programme to NZD 100 billion at its policy meeting earlier in the day and noted that “additional monetary instruments” might be deployed. Since the economic risks remain to […]
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