The Japanese yen started off the trading week lower against multiple currency rivals, driven by the latest economic data that disappointed investors and heightened fears of a recession hitting the worldâs third-largest economy. But Japan is just one of many countries experiencing the fallout of the US-China trade saga that has crippled global financial markets. According to the Ministry of Finance, exports from Tokyo fell 5.2% from the same time a year […]
Read moreThe British pound today extended its gains against the US dollar having opened lower following Saturday’s vote results mandating the government to ask for a Brexit extension. The GBP/USD currency pair recouped all its losses at traded slightly above Friday’s highs as investors waited for John Bercow to rule on the date for a meaningful Brexit vote. The GBP/USD currency pair today rallied from a daily low of 1.2890 to a high of 1.3013 in the mid-London session […]
Read moreThe Australian dollar versus the New Zealand dollar currency pair managed to keep the gains above 1.0640, thus giving credit to the bulls. Long-term perspective The appreciation that started at 1.0263 managed to reconquer two important support areas: the weekly level of 1.0361 and the monthly support of 1.0530, respectively. To this, a third support can be added — 1.0640 — that is yet to be confirmed, but that, given the recent developments, may already […]
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