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Day: December 31, 2019
December 312019
Chinese Yuan Finishes 2019 Stronger, Still Records Annual Loss
The Chinese yuan is gaining on some of its major currency rivals to finish 2019, but the currency will still end the year lower. The yuan suffered some steep losses throughout the year, though it has rebounded in recent months because the trade dispute with the US is subsiding and slightly better economic data. The yuanâs performance in 2020 will be closely watched by observers as it might impact American negotiations […]
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December 312019
Sterling Pound Rallies to 2-Week Highs on New Yearâs Eve
The Sterling pound today rallied to 2-week highs against the US dollar on the last trading day of 2019 as investors bid up the pound and sold the greenback. The GBP/USD currency pair rallied higher despite threats from the European Union that the December 2020 deadline is inadequate to complete negotiations with the UK. The GBP/USD currency pair today rallied from a low of 1.3105 in the Asian session to a high of 1.3211 in the early American session but […]
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December 312019
AUD/NZD Postponing Its Advancement to 1.0530
The Australian dollar versus the New Zealand dollar currency pair is having a hard time in its efforts to conquer higher prices. Long-term perspective The depreciation that started from 1.0865, after the price falsely pierced 1.0837, reached the weekly support of 1.0361. On December 11, the bulls pulled off a strong retracement that extended midway of the path from 1.0361 to 1.0530. But very soon, the bears managed to invalidate that appreciation […]
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