Day: February 4, 2020

February 4
2020

Euro Falls Against Strong Dollar as Coronavirus Fears Persist

The euro today fell against the much stronger US dollar, which was boosted by the upbeat data released on Monday. The EUR/USD currency pair kept falling despite the release of upbeat data from across the euro area as the coronavirus human and economic toll mounted. The EUR/USD currency pair today fell from a high of 1.1064 in the Asian session to a low of 1.1033 in the American session and was near these lows at the time of writing. The currency pair […]

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February 4
2020

Japanese Yen Slips As BoJ Dismisses Further Easing Amid Coronavirus

The Japanese yen is falling against several major currency competitors on Tuesday as the central bank dismissed recommendations for further monetary easing amid the Wuhan coronavirus outbreak. After the People’s Bank of China (PBoC) employed 30 stimulus measures, some analysts had expected the Bank of Japan (BoJ) to follow suit since its economy is anticipated to slump from the virus. New manufacturing data also hurt the yen. Speaking in front […]

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February 4
2020

Great Britain Pound Recovers After Falling on Brexit Fears

The Great Britain pound recovered a bit today following yesterday’s slump caused by returning Brexit fears. The rebound was nowhere near enough to eliminate the Monday’s losses, though. Macroeconomic data showed a small improvement in Britain’s economy. The sterling slumped at the start of the trading week after Britain and the European Union exchanged comments demonstrating a hardline stance in trade deal negotiations. UK Prime Minister Boris Johnson said that there is […]

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February 4
2020

Australian Dollar Trades Higher After RBA Stands Pat

The Australian dollar rose against all other most-traded currencies today after the Reserve Bank of Australia refrained from cutting interest rates and did not signal about a cut in the immediate future. The RBA kept its main interest rate unchanged at 0.75%. Such a decision was widely expected by market participants. The accompanying statement made optimistic remarks about the global economy: The outlook for the global economy remains reasonable. There have […]

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February 4
2020

NZD/CAD Continues Towards 0.8514

The New Zealand dollar versus the Canadian dollar currency made its first step towards what may very well be the first target, 0.8540 respectively. Long-term perspective The ascending movement that began after printing the low of 0.8236 tried to reconquer the old weekly support of 0.8692. But the bulls did not succeed in this endeavor, as the only thing they were able to do was to etch the high of 0.8799, which […]

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