The US dollar is weakening against a couple of major currency rivals at the end of the trading week, but the greenback is still on track for its best week since the financial crisis more than a decade ago. With tremendous economic and health uncertainty throughout global markets because of the coronavirus pandemic, investors are pouring into the safe-haven asset and propping up the dollar. The consensus on Wall Street is that investors everywhere just […]
Read moreThe euro today rallied higher against the US dollar early in the session as buyers stepped in pushing the pair higher from yesterday’s multi-year lows. The EUR/USD currency pair later lost momentum and headed lower driven by high demand for the US dollar. The EUR/USD currency pair today rallied from an opening low of 1.0655 to a high of 1.0831 in the early European session before heading lower and was near its daily lows at the time fo […]
Read moreThe US dollar versus the Japanese yen currency pair recovered almost the entire depreciation. Will the appreciation continue? Long-term perspective The ascending trend that started after the price confirmed the 105.55 support level — and that printed the low at 104.44 — ended after the support line of the channel that limited it got pieced. The fall was able to reach the level of 101.18, from where a rally commenced, one that recovered almost the entire […]
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