Day: May 4, 2020

May 4
2020

Euro Falls Against Strong Dollar Amid Rising Global Tensions

The euro today fell against the much stronger US dollar as tensions between China and the US skyrocketed, causing investors to seek refuge in safe-haven assets. The EUR/USD currency pair due to the prevailing risk-off market sentiment in the financial markets that saw European equity markets close lower for the day. The EUR/USD currency pair today fell from a high of 1.0961 to a daily low of 1.0895 during the American session and was trading near these […]

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May 4
2020

Japanese Yen Holds Steady As Abe Extends State of Emergency

The Japanese yen is holding steady against its most traded currency rivals to start the week. After disappointing economic data and expanded monetary stimulus announcements last week, the yen is being largely driven by the government’s decision to extend the state of emergency for the rest of May. While Tokyo is bracing for a severe downturn, the tsunami of coronavirus cases has yet to occur. On Monday, Prime Minister Shinzo Abe extended the nationwide state […]

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May 4
2020

AUD/USD Has to Decide from 0.6500

The Australian dollar versus the US dollar currency pair is in a moment in which it has to decide where to go. Long-term perspective The appreciation from the 0.5517 support peaked at the 0.6572 high. By doing so, the swing that starts from 0.6250 extended and oscillated above the 0.6500 psychological level. However, the price quickly ebbed under the 0.6500 level. By doing so, the bears are sending the message that they are willing to join […]

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