Day: August 10, 2020

August 10
2020

Euro Falls, Rallies, Then Falls Again While Trading Against the Dollar

The euro today fell against the US dollar driven by the risk-off investor sentiment, which fueled the greenback’s resurgence coupled with Friday’s upbeat US non-farm payrolls. The EUR/USD currency pair later found support and rallied higher amid improving sentiment as investors hoped for a resolution of the impasse on the US stimulus bill in Congress. The EUR/USD today fell from a high of 1.1801 to a low of 1.1740 before recouping most of its losses, then heading […]

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August 10
2020

Chinese Yuan Advances As PBoC Pledges Targeted Policy

The Chinese yuan is strengthening to kick off the trading week as the central bank vowed to adopt a more targeted and appropriate monetary policy in the post-coronavirus economy. With Beijing ostensibly winding down its ultra-aggressive stimulus and relief efforts on the monetary side, investors will be watching to see if Chinese investments will remain on an upward trajectory. The yuan is also testing 6.9 against the US dollar on the latest inflation data. Speaking […]

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August 10
2020

New Zealand Dollar Weaker During Monday’s Subdued Trading

The New Zealand dollar traded largely lower against its most-traded peers but, surprisingly, demonstrated resilience versus safer currencies, such as the Japanese yen and the Swiss franc. Macroeconomic reports in China, New Zealand’s biggest trading partner, were decent but data in New Zealand itself was not good. Trading was subdued today, especially during the Asian session, as markets in Japan and Singapore were closed for a holiday. ANZ […]

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