Day: February 26, 2020

February 26
2020

Euro Whipsaws on Conflicting German Headlines and Coronavirus

The euro today traded haphazardly against the US dollar oscillating between gains and losses as investors reacted to conflicting news reports about Germany’s fiscal policies. The EUR/USD currency pair rallied briefly then fell and later inched higher as the single currency failed to post sustained gains against the weak greenback. The EUR/USD currency pair today spiked to a high of 1.0908 in the mid-European session before dropping to a low of 1.0855 and had recovered most […]

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February 26
2020

Chinese Yuan Mixed on Q2 Growth Prospects, Expected Stimulus

The Chinese yuan is mixed against multiple currency competitors midweek as global financial markets contend with the coronavirus that appears to be worsening worldwide. Despite the potentially damaging economic fallout, some Wall Street titans anticipate Beijing will recover in the second quarter, which might happen as the country employs various fiscal and monetary stimulus measures. Speaking in an interview with CNBC on Tuesday, JPMorgan Chase’s global economist, Joseph […]

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February 26
2020

AUD/JPY Facing a Decision at 72.50

The Australian Dollar versus the Japanese yen currency pair is in a spot that may very well facilitate both a rally or a fall. But which one has more chances of becoming a reality? Long-term perspective The ascending trend that started after the confirmation of 71.09 as support peaked at 76.54 and looks as if it ended after the price slipped under an important support that later became resistance, 73.93, respectively. What is […]

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