Day: September 30, 2020

September 30
2020

Sterling Rallies Against Dollar on Brexit Optimism and UK GDP

The Sterling pound today rallied against the weak dollar ignoring the uncertainty surrounding the Brexit talks as investor sentiment remained decidedly bullish. The GBP/USD currency pair today extended its rally for the third consecutive day driven by the greenback’s overall weakness and positive UK macro reports. The GBP/USD currency pair today rose from a low of 1.2806 in the early London session to a high of 1.2942 in the American market and was trading near these highs […]

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September 30
2020

Canadian Dollar Rises as GDP Continues to Grow, Oil Prices Rise

Commodity currencies were the clear winners today, and the Canadian dollar was among them. It was trading on par with its Australian and New Zealand counterparts but gained against major rivals. Market analysts speculated that such behavior was a result of month-end flows, which drove the US dollar down, though the Canadian currency has its own factors to support it. Statistics Canada reported that gross […]

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September 30
2020

US Dollar Mixed As GDP Beats Estimates, Fiscal Stimulus Hopes Rise

The US dollar is trading mixed against several currency counterparts midweek as investors focus more on economic data and fiscal stimulus instead of the first 2020 presidential debate between President Donald Trump and former Vice President Joe Biden. With growing confidence in the broader financial market, the greenback could face pressure in October, but electoral uncertainty might cap its decline. According to the US Bureau of Economic Analysis (BEA), […]

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September 30
2020

Chinese Yuan Jumps on Better-Than-Expected Manufacturing Activity

The Chinese yuan is looking to extend its modest winning streak this week, buoyed by better-than-expected manufacturing and non-manufacturing data. Global financial markets have been waiting for these figures to see how the world’s second-largest economy is faring in the aftermath of the coronavirus pandemic. While the numbers are positive, they still suggest sluggishness in China. According to the National Bureau of Statistics (NBS), the manufacturing purchasing managers’ index (PMI) climbed to 51.5 […]

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September 30
2020

Charity Public Liability Insurance

As a charity, your organisation enjoys numerous financial advantages not afforded to others. But it is incumbent upon non-profit organisations to protect those they support as much, if not more, than those organisations operating with a profit motive. Even though public liability insurance for charities can be complicated by factors such as fundraisers, lobbying and […]

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September 30
2020

Bulls Attempting Recovery on AUD/NZD from 1.0717?

The Australian versus the New Zealand dollar currency pair seems to be unwilling to go any lower. It’s the bulls behind all this, or a new depreciation is just around the corner? Long-term perspective After the rally that started from the 1.0013 support area and the correction that extends from the 1.0880 high to the 1.0566 low, the price continued until the 1.1043 peak. But as the peak formed above the major 1.0983 level and the following […]

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