Day: July 17, 2020

July 17
2020

USD/CHF Continues Slide Below 0.94 As SNB Defends Franc Interventions

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 […]

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July 17
2020

Sterling Falls on Rising COVID-19 Cases as Johnson Reopens UK Economy

The 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 […]

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July 17
2020

Euro Trades Near 4-Month Highs As EU Leaders’ Summit Kicks Off

The 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 €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 […]

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July 17
2020

Bulls Failing on USD/JPY from 107.00?

The 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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