The Swiss franc continues to strengthen against its most traded currency competitors to close out the trading week as the US Dollar Index slipped to a one-month low. The franc has been making gains on growing confidence in global financial markets, coronavirus vaccine hopes, and a weakening greenback. The franc is strengthening despite the central bank continuing to defend its currency interventions. Swiss National Bank (SNB) head Thomas Jordan recently delivered […]
Read moreThe Sterling pound today failed to capitalise on the dollar’s overall weakness like other major currencies amid rising coronavirus cases in the UK that scared investors. The GBP/USD currency pair fell for half of today’s session before recovering during the American market on mixed US housing data to trade flat for the day. The GBP/USD currency pair today fell from a high of 1.2571 in the Asian session to a low of 1.2512 before recovering later to trade […]
Read moreThe euro today rallied higher against the US dollar to trade near the 4-month highs recorded on Wednesday buoyed by positive investor sentiment and the greenback’s weakness. The EUR/USD currency pair’s rally was further fueled by optimism about the ongoing EU leaders summit, where many hope they’ll agree on the â¬750 billion stimulus package. The EUR/USD currency pair today rallied from a low of 1.1377 in the Asian session to a high of 1.1440 during the American […]
Read moreThe US dollar versus the Japanese yen currency pair seems to lack the power for climbing to greater values. Long-term perspective The fall from the 109.85 high extended to as low as 106.07, after a previous bullish attempt to stall it at the 107.00 psychological level, which ended only by printing the 106.57 low. From the 106.07 low, the bulls did manage a comeback, one that not only pierced and departed from 107.00 but also stretched […]
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