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Day: September 8, 2020
September 82020
Euro Falls Against US Dollar Extending Its 6-Day Losing Streak
The euro today fell against the US dollar for the sixth consecutive session despite the release of positive data from across the euro area. The risk-off investor sentiment drove the EUR/USD currency pair’s decline amid rising China-US tensions and the global equity markets selloff. The EUR/USD currency pair today fell from a high of 1.1827 in the early Frankfurt session to a low of 1.1766 in the early American market but was slightly off these lows […]
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September 82020
Japanese Yen Rallies Against US Dollar on Upbeat GDP Data
The Japanese yen today traded sideways against the US dollar during the Asian session despite the release of upbeat Japanese GDP data. The USD/JPY currency pair later fell as the yen rallied against the much weaker greenback during the American session. The USD/JPY currency pair today fell from a high of 106.38 in the London market to a low of 105.86 during the American market and was near these lows at the time of writing. The currency pair traded […]
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September 82020
Canadian Dollar Slumps to Two-Week Low As 8% Oil Crash Impacts Loonie
The Canadian dollar is slumping to its lowest level in two weeks against the US dollar on Tuesday. The loonie is plummeting primarily on crude oil crashing as much as 9%, joining the broader market selloff. It is going to be relatively quiet on the data front this week, which means the loonie will find direction on energy prices and the central bankâs midweek policy meeting. October West Texas Intermediate (WTI) crude […]
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September 82020
Bulls Determined to Conquer 1.0983 on AUD/NZD
The Australian versus the New Zealand dollar currency pair seems not to be willing to give in to any bearish request. But will the bulls succeed in their endeavor? Long-term perspective From the 0.9991 low, which validated the 1.0013 support level, the price extended until the 1.0880 high. This appreciation handed over the baton to a corrective phase that stretched between the 1.0880 high and the 1.0566 low. As the 1.0566 low confirmed yet another […]
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