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Day: July 22, 2020
July 222020
Sterling Pound Falls on Brexit Jitters, Later Rallies on Reassurances
The sterling pound today alternated between losses and gains against the US dollar driven mostly by market sentiment given the empty UK dockets. The GBP/USD currency pair later rallied after the British government confirmed that it was committed to sealing a post-Brexit trade deal with the EU. The GBP/USD currency pair today fell to a low of 1.2644 before recouping all its losses to trade slightly above its opening price […]
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July 222020
Canadian Dollar Mixed Amid Higher-Than-Expected Inflation, Strong Retail Sales
The Canadian dollar is trading mixed against its most traded currency rivals midweek. The loonie has been gaining on the greenback on Wednesday as higher-than-expected inflation and strong retail sales data were in the backdrop of the Canadian dollar’s ascent. But falling energy prices capped the currencyâs modest rally. According to Statistics Canada, the consumer price index (CPI) rose by 0.8% in June, up from 0.3% in May. The annualized inflation rate surged […]
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July 222020
Bulls on AUD/NZD Heading for 1.0826
The Australian versus the New Zealand dollar currency pair seems to be in bullish hands. Do the bears still have a chance? Long-term perspective The rally that started from the 0.9991 low extended to as high as 1.0880. From there, a strong drop came about, bringing the price under the firm 1.0707 level and printing the low of 1.0582. Even after their first run, the bulls were only able to etch the 1.0755 high, which […]
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