The euro today fell against the US dollar in the early European session despite the release of in-line German inflation data. The EUR/USD currency pair spiked to its daily highs after the European Central Bank announced its rate decision but quickly fell on hopes of a US-China trade deal. The EUR/USD currency pair today spiked to a high of 1.1154 in the mid-European session before falling to a low of 1.1110 in the American session and was headed lower […]
Read moreThe Chinese yuan is spiking on Thursday after President Donald Trump tweeted that the US and China are âvery close to a big deal.â Mirroring the financial markets, the yuan pared its earlier losses and is rallying on the news. The yuan could end the week higher following this weekâs upbeat economic data. But could the yuan exit the 7 territory against the US dollar to close out the year? With just days […]
Read moreThe Australian dollar versus the US dollar currency pair appreciated in a very impressive fashion. Is it too late to hop on board? Are the bears preparing a surprise? Long-term perspective From 0.6670 and given the next low — 0.6753, respectively, which is a higher low — and the two highs, from which the second one is a higher high — 0.6894 and 0.6929, respectively — the market is in an ascending trend. The movement that started from 0.6753 […]
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