Day: April 2, 2020

April 2
2020

Euro Falls to New 5-Day Lows on Record Spanish COVID-19 Deaths

The euro today fell against the US dollar as deaths from the coronavirus in Spain reached new highs even as other European countries battle the disease. The EUR/USD currency pair today fell amid high demand for the dollar and the rising tensions in the European Union as Germany and Holland refuse to support Southern states. The EUR/USD currency pair today fell from a high of 1.0964 in the late Asian session to a low of 1.0823 in the American session and was near […]

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April 2
2020

US Dollar Holds Steady As Initial Jobless Claims Surge 6.6 Million

The US dollar is holding steady on Thursday after the federal government reported that initial jobless claims doubled week’s total and topped 6.6 million. The coronavirus pandemic continues to take a toll on a once robust and resilient labor market, and it is unclear as to when Americans will return to the workforce. Despite the federal government’s $2.2 trillion stimulus package that includes direct income support, how much longer can the world’s […]

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April 2
2020

Could GBP/CAD Retest the 1.7811 Resistance?

The Great Britain pound versus the Canadian dollar currency pair may establish above the 1.7500 mark. Is this a bullish profile, or are the bears waiting for even better prices? Long-term perspective After the price was not able to maintain the gains above 1.7811, it strongly depreciated, reaching the important support area of 1.6620. However, this area, being packed with bulls, favored a strong appreciation, one that reached […]

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