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Day: September 25, 2020
September 252020
Euro Falls to 2-Month Lows As Investors Remain Risk Averse
The euro today fell to 2-month lows against the US dollar driven by negative investor sentiment as coronavirus cases in Europe and across the world continue to rise. The greenback’s rally also fueled the EUR/USD currency pair’s decline as investors piled into the world’s only reserve currency despite the looming US elections. The EUR/USD currency pair today fell from a high of 1.1684 in the early Frankfurt session to a low of 1.1612 in the American market and was slightly […]
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September 252020
USD/MXN Rises As Mexican Central Bank Cuts Interest Rates Again
The Mexican peso is struggling to find support against several major currency rivals after the central bank cut interest rates for the 11th consecutive month. The Mexican economy has been slumping as the country fails to contain the coronavirus pandemic, with the number of new infections rising thousands per day. Despite the peso making gains this past summer, it has been one of the worst-performing Latin American currencies this year. […]
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September 252020
The Great Britain Pound Drops Despite Positive News Headlines
The Great Britain pound was extremely weak today, falling against all other major currencies, even the Australian and New Zealand dollars, which were recovering after the losses they have posted earlier this week. Analysts say, though, that the gains of the Australian and New Zealand currencies were just a result of a short-covering rally, which is not likely to last long. As for the sterling, it performed poorly this week, […]
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September 252020
Bulls Back on Track on USD/JPY from 104.00?
The US dollar versus the Japanese yen currency pair seems to have recovered, as it oscillates above the 105.09 level. Should the bulls buy it!? Long-term perspective The fall from the 111.71 high had given the bears a good opportunity, as the series of lower highs and lower lows suggests. So, they had taken their chance and, driven by conviction, crafted the 104.00 low. This is their second attempt to establish their […]
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