Day: March 27, 2020

March 27
2020

Canadian Dollar Weakens As BoC Imposes Emergency Interest Rate Cut

The Canadian dollar is weakening against many currency rivals to finish out the trading week. Following a week of modest gains, the loonie is falling on the central bank announcing an emergency cut to interest rates as the economy gets battered by coronavirus outbreak and tumbling energy prices. For the second time in less than a month, the Bank of Canada (BoC) made an unscheduled reduction to its benchmark interest rate in response to the COVID-19 pandemic. The central bank lowered […]

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March 27
2020

Euro Falls After 4-Day Rally Amid Rising European Coronavirus Cases

The euro today fell against the US dollar as traders took their profits following  4-day rally marked by steady gains driven by positive investor sentiment. The EUR/USD currency pair headed lower as the greenback rallied higher amid rising coronavirus cases and deaths in Spain and Italy. The EUR/USD currency pair today fell from a high of 1.1086 in the Asian session before falling to a low of 1.0952 in the early American session but was off […]

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March 27
2020

How the UK’s BTL property market is changing

Sometimes changes are obvious, but often they creep up slowly, over time, until the accumulated impact makes people sit up and take notice. Here are some of the ways the UK’s BTL property market is changing – and what it means for BTL landlords, existing and potential. Regulation and tax changes have made the sector […]

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March 27
2020

Japanese Yen Flat-to-Higher as Coronavirus Continues to Spread

The Japanese yen was trading either flat or higher against its most-traded rivals today as the coronavirus pandemic continued to spread across the world, causing panic and expectations of a global economic recession. While it looks like China has managed to successfully halt the spread of the COVID-19 disease, the situation in other countries worsens every day. UK Prime Minister Boris Johnson entered self-isolation after testing positive for the coronavirus. Meanwhile, the United […]

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March 27
2020

USD/JPY Dropped from 111.70

The US dollar versus the Japanese yen currency pair stalled around the 112.00 psychological level. Is this only a correction? Long-term perspective After confirming the monthly support of 101.18, the price rallied all the way up to the 111.07 level, peaking at the 111.70 high. The rally also took the price back into the ascending channel, whose support trendline starts from the 104.44 low. This led to the bulls hoping that, after a corrective […]

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