Day: May 25, 2020

May 25
2020

Chinese Yuan Slips as US Threatens Sanctions on China Over Hong Kong

The Chinese yuan is extending its losses to jumpstart the holiday-shortened trading week. The currency is falling against its rivals on Monday after the White House threatened to slap sanctions on China over the government’s proposed implementation of national security laws on Hong Kong that reportedly threaten its autonomy. The heightened tensions come as the world’s two largest economies escalate their war of words over trade. Whether this is a new […]

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May 25
2020

AUD/USD Slipped Under the 0.6600 Mark

The Australian dollar versus the US dollar currency pair seems to have failed to profit from the fact the price went above the 0.6600 psychological level. Do the bulls still have a chance? Long-term perspective The rise that followed the confirmation of 0.5516 as support recovered a big part of the depreciation that started from the 0.7034 high. In doing so, the price consolidated the support area inscribed by the 0.6386 level and the descending trendline that originates from […]

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