Day: November 13, 2020

November 13
2020

Euro Rallies on Upbeat Sentiment and Mixed Euro Area Macro Prints

The euro today rallied against the dollar due to the positive investor sentiment, which saw risk assets rally despite the coronavirus situation in Europe. The EUR/USD currency pair’s rally was also boosted by the upbeat inflation reports from Spain and France despite other disappointing macro reports. The EUR/USD currency pair today rallied from a low of 1.1799 in the Asian session before rallying to a high of 1.1834 in the mid-European market and was near these […]

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November 13
2020

Indian Rupee Rises As Trade, Sliding COVID-19 Cases Support EM Currency

The Indian rupee is attempting to muster up some momentum to finish the trading week amid positive economic data and improving COVID-19 cases. The rupee, which has struggled since the height of the market meltdown earlier this year, has joined the broader weakness in emerging markets. But with renewed risk appetite and a potential vaccine on the way, could the rupee enjoy a better 2021? According to the Ministry of Commerce and Industry, India posted a trade […]

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November 13
2020

The true cost of Christmas and the true benefits of saving

Christmas will probably feel a lot different this year. It remains to be seen whether we will be able to congregate in our usual large groups of family and friends and our festivities may feel a little muted. What will probably still happen, however, is kids will want their toys. Voucher Codes have estimated that […]

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November 13
2020

NZ Dollar Weakest on Waning Optimism, Poor Domestic Data

Commodity currencies were among the weakest on the Forex market today as the optimism caused by the news about a coronavirus vaccine continued to wane. The New Zealand dollar was the biggest loser, falling even against its commodity-linked counterparts. Negative domestic macroeconomic data put additional pressure on the currency. Statistics New Zealand reported that the food price index fell by 0.7% in October after dropping by 1.0% in the previous month. With seasonal adjustments, […]

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November 13
2020

USD/JPY Resuming the Fall from 105.67?

The US dollar versus the Japanese Jen currency pair seems to have lost its steam. Are the bears just around the corner? Long-term perspective The high of 109.85 is the start of a drop that extended until the intermediary level of 103.15. Along this path, the bulls attempted several recoveries, but, as it can be seen from the string of lower highs and lower lows, they all ended as new bearish opportunities. However, […]

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