Day: August 21, 2020

August 21
2020

USD/CHF Rises As SNB, Others Wind Down Dollar Liquidity Operations

The Swiss franc is rising to finish the trading week as the Swiss National Bank (SNB) announced that central banks are scaling back their US dollar liquidity operations. As foreign demand diminishes, central banks agreed that currency swap agreements were no longer necessary. Does this bode well for the greenback, or does it signal a decline ahead for the buck? According to the SNB and other major central banks, the Federal […]

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August 21
2020

Sterling Pound Crashes Against the Dollar as Risk Appetite Dissipates

The Sterling pound today crashed against the US dollar as investor sentiment turned decisively bearish favouring the safe-haven greenback, which rallied. The GBP/USD currency pair today fell despite the release of upbeat UK retail sales data earlier in the session as investors fled riskier assets, including equities. The GBP/USD currency pair today fell from a high of 1.3255 in the early London session to a low of 1.3059 during the American market losing over […]

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August 21
2020

USD/JPY Faced with the 107.00 Resistance

The US dollar versus the Japanese yen currency pair seems to be indecisive, but there are some signs that the bears could already be controlling the situation. Long-term perspective The drop from the 109.85 high managed to find temporary support at the 107.00 psychological level. However, the bears were able to resume the fall, driving the price until the 104.18 low. From 104.18, the bulls recovered in a very convincing way, being able […]

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