The euro today rallied against the US dollar buoyed by the latter’s decline as investors favoured riskier currencies including the single currency. The EUR/USD currency pair hit new 3-day highs ending the downtrend that was in place for the past six sessions. The EUR/USD currency pair today rallied from an opening low of 1.0790 to a high of 1.0925 in the American session but had pulled back slightly from its daily highs at the time of writing. […]
Read moreThe Sterling pound today rallied higher against the US dollar despite the fact that the UK Prime Minister Boris Johnson being hospitalised in ICU. The GBP/USD currency pair posted gains as buyers stepped in capitalising on the greenback’s fall from recent highs. The GBP/USD currency pair today rallied from an opening low of 1.2217 in the Asian session to a high of 1.2384 in the mid-London session but was off these highs at the time of writing. The risk-off […]
Read moreThe Swiss franc is sliding against the US dollar and the euro on Tuesday as the central bankâs sight deposit holdings surged by their second-highest level in 12 months. For more than a year, Switzerland has been actively trying to depreciate the francâs value as investors continue to pour into the traditional safe-haven asset, even as financial markets rebound. The Swiss franc has significantly appreciated throughout the turbulence, affecting the manufacturing sector and overall exporting industry. […]
Read moreThe Great Britain pound versus the Canadian dollar currency pair sits in an interesting zone. Is this area a good starting ground for the bulls, or is it already too late for them? Long-term perspective The appreciation that started at the 1.6620 level extended all the way to the long-time resistance area of 1.7811. But it retraced from there, slipping under the intermediary level of 1.7499. The price is now sitting just above the possible […]
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