August 3, 2020 7:14 am
GBP/USD came off Friday’s 21-week highs and slipped back below the 1.3100 mark on Monday, as the US Dollar was attempting a rebound from more than two-year lows against peers ahead of fresh macro data. The US Dollar has been under selling pressure due to concerns over slowing economic recovery amid rising COVID-19 infections across […]
Read moreJuly 31, 2020 7:04 am
AUD/USD gained for a sixth straight trading day and touched fresh 18-month highs on Friday, as the US Dollar was set to register its biggest monthly drop against major peers in at least a decade in July due to US economic recovery-related concerns stemming from accelerating coronavirus pandemic. The Aussie Dollar also drew support from […]
Read moreJuly 30, 2020 11:17 am
GBP/USD remained mostly stable near the 1.3000 mark in late European trade on Thursday, after earlier touching 1.3019, its strongest level since March 10th, as risk sentiment somewhat improved following a promise by Fed Chair Jerome Powell that the central bank will “do what we can and for as long as it takes” to limit […]
Read moreJuly 30, 2020 6:57 am
NZD/USD eased from recent seven-month highs on Thursday, as the US Dollar bounced from two-year lows against peers it had earlier registered following the Federal Reserve’s dovish stance on policy. The US central bank kept the target range for the federal funds rate intact at 0%-0.25% at its policy meeting concluded yesterday, in line with […]
Read moreJuly 29, 2020 11:23 am
AUD/USD extended gains from the prior trading days and touched highs not seen since mid-April 2019 on Wednesday, as the US Dollar remained broadly weaker ahead of the outcome of the Federal Reserve’s policy meeting later today. The central bank is expected to stick to a dovish policy stance amid alarming spikes in new COVID-19 […]
Read moreJuly 29, 2020 7:07 am
GBP/USD kept steady near yesterday’s 20-week high in early European trade on Wednesday, as the US Dollar remained close to two-year lows against major peers ahead of the outcome of the Federal Reserve’s policy meeting later today. The central bank is expected to stick to a dovish policy stance amid alarming spikes in new COVID-19 […]
Read moreJuly 28, 2020 7:03 am
NZD/USD came off fresh seven-month highs on Tuesday, as the US Dollar rebounded from a two-year trough against major peers due to eased selling pressure ahead of the Federal Reserve’s two-day policy meeting and a political decision on the next US fiscal rescue plan. Despite that the Fed is expected to keep rates intact, a […]
Read moreJuly 27, 2020 11:21 am
GBP/USD extended gains from the past several trading days and touched highs not seen since mid-March on Monday, as the Sterling benefited mostly from a broadly weaker dollar amid lack of other major drivers. “It should be more of the same for GBP this week. It is a very quiet week on the UK data […]
Read moreJuly 27, 2020 6:57 am
AUD/USD extended gains from the prior trading day on Monday and kept trading not far from last Wednesday’s 27-month high of 0.7182, as the US Dollar continued to retreat against major peers on bets the Federal Reserve could signal another accommodative shift in its outlook at its policy meeting on July 28th-29th. The central bank […]
Read moreJuly 24, 2020 7:02 am
GBP/USD kept steady near fresh six-week highs on Friday after a report by the UK Office for National Statistics showed retail sales had surged at a record monthly rate in June, far exceeding market expectations. Retail sales rose 13.9% in June from a month ago, following a revised up 12.3% increase in May. However, considering […]
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