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Day: September 29, 2020
September 292020
Euro Rallies to 1-Week Highs Driven by Investor Risk Appetite
The euro today rallied against the US dollar despite the release of mixed macro prints from across the euro area driven by the resurgent investor risk appetite. The EUR/USD currency pair’s rally was also boosted by the greenback’s selloff, which started yesterday amid hopes of a US coronavirus stimulus package. The EUR/USD currency pair today rallied from a low of 1.1665 in the early Frankfurt market to a high of 1.1743 in the American session and was trading […]
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September 292020
USD/KRW Unchanged As Data Disappoints Struggling South Korean Economy
The South Korean won is trading sideways against the US dollar on Tuesday as the national economy failed to improve in August as the effects of COVID-19 continue to linger in one of Asia’s biggest economies. With the coronavirus pandemic diminishing in Seoul, could one of Asiaâs worst-performing currencies turn things around in the final quarter of 2020? Industrial output fell 0.7% in August, down from the 1.9% increase in July. The annualized rate dropped 3%, worse than […]
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September 292020
Bulls Back on GBP/USD from 1.2675?
The Great Britain pound versus the US dollar currency pair seems to have shifted the course. Is this the real thing, or it’s just the bears preparing a new depreciation? Long-term perspective After the rally started by the confirmation of 1.1476 as support, the price sprang an ascending movement that stopped near the 1.3502 intermediary level. However, shortly after, the price dropped under the area it had just conquered, an area defined by the 1.3261 level, […]
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