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Day: July 28, 2020
July 282020
Euro Trades Sideways Above 1.17 As Investors Await Fed Decision
The euro today fell against the US dollar after hitting highs last seen in September 2018 yesterday as the greenback sold off. The EUR/USD currency pair was stuck trading in a sideways range slightly lower from its opening price driven by the non-volatile market environment. The EUR/USD currency pair today traded at a high of 1.1773 before falling to a low of 1.1699 and then trading sideways from there and was still down for the day […]
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July 282020
Brazilian Real Weakens Despite Rise in Foreign Direct Investment, Soybean Exports
The Brazilian real is weakening against the US dollar and several other major currency counterparts on Tuesday, despite positive domestic economic data. The real has rebounded since hitting a record low against the greenback in May, but jitters in global financial markets may be hitting the pause button on emerging market currencies. According to central bank data, foreign direct investment increased for the third consecutive month in June to $4.75 billion, […]
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July 282020
GBP/USD Passes 1.2818 High and on Its Way to 1.3000
The Great Britain pound versus the United States dollar currency pair continues the movement towards the north. Are the bears anywhere near? Long-term perspective The rejection from the 1.4376 dominant support, which printed the 1.1409 low, extended — in the first run — until the 1.2647 high. After the price retraced to confirm the important level of 1.2092 as support, the bulls were able to print a rally that noted a new higher high — 1.2818 — and also start […]
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