Day: August 27, 2019

August 27
2019

US Dollar Rallies As Investors Renew Risk Appetite

The US dollar is rallying against a handful of competing currencies on Tuesday as investors have renewed their appetite for risk. With the US-China trade situation deescalating in recent days, traders have resuscitated their interest in the greenback, though financial markets remain in the red. Modest gains in housing data also lifted the buck. Investors were relieved when President Donald Trump confirmed that his team of negotiators will sit down […]

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August 27
2019

Pound Rallies as Opposition Leaders Unite to Prevent Hard Brexit

The Sterling pound today rallied to new monthly highs after British opposition leaders agreed to support legislation aimed at preventing a no-deal Brexit. The Conservative Party criticised the move by the opposition MPs saying that the six leaders who signed the Church House declaration were planning to cancel the votes of 17.4 million people. The GBP/USD currency pair today rallied from a daily low of 1.2209 in the Asian session to a new monthly high of 1.2308 […]

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August 27
2019

EUR/USD Fails to Profit from Good Fundamentals

EUR/USD attempted to rally today but failed and is now trading below the opening level. Concerns about the US-China trade spat returned to the market, but that did not help the euro to gain on the dollar. The shared 19-nation currency also failed to profit from hopes that Italy will gain a new government caused by the reports that Italy’s Democratic Party and the Five Star Movement are close to reaching a deal. S&P/Case-Shiller […]

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