Day: March 20, 2020

March 20
2020

US Dollar Weakens, Still Poised for Best Week Since Financial Crisis

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 […]

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March 20
2020

Euro Rallies From Multi-Year Lows Then Falls Amid Market Volatility

The 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 […]

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March 20
2020

USD/JPY Back into Ascending Channel and Above 108.00

The 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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