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Day: August 25, 2020
August 252020
South African Rand Extends Winning Streak As Global Sentiment Improves
The South African rand is extending its winning streak against the US dollar as it continues to find support in global foreign exchange markets. With a fierce risk appetite and general optimism in the broader financial markets, investors are pouring into the rand. As the number of confirmed coronavirus cases comes down and the central bank indicating tightness in monetary policy, the rand may emerge as one of the top emerging market currencies. According to the South […]
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August 252020
Euro Rallies Against US Dollar on German GDP and IFO, Later Falls
The euro today rallied higher against the US dollar boosted by positive investor sentiment as the US and China reported progress in the latest round of trade talks. The EUR/USD currency pair later gave up its gains after the release of mixed US data amid a lack of volatility in the Forex market ending up slightly higher. The EUR/USD currency pair today rallied to a high of 1.1843 from an opening low of 1.1783 in the Asian market […]
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August 252020
Bulls Might Try a New March Towards 1.3261 on GBP/USD
The Great Britain pound versus the US dollar currency pair, although it was indecisive, seems to be searching to channel its momentum towards a direction. Will this be the continuation of the appreciation? Long-term perspective After the rally from the 1.1409 low to the 1.2647 high, the price began shaping an ascending trend. The new trend performed very well in terms of facilitating the bulls in gaining ground. In fact, the bulls were determined enough so […]
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