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- December 11, 2020 Canadian Dollar Pauses 2020 Rally Against US Peer Amid Falling Crude Prices
- December 11, 2020 Pound Crashes Against Dollar As No-Deal Brexit Appears Imminent
- December 11, 2020 USD/JPY 104.57 High Starting a New Bearish Leg?
Day: December 11, 2020
December 112020
Canadian Dollar Pauses 2020 Rally Against US Peer Amid Falling Crude Prices
The Canadian dollar weakened against its US peer to close out the trading week, with energy prices and producer prices coming into focus. The loonie is still on track to record a modest weekly gain against the greenback, but its overall 2020 performance in the foreign exchange markets has been remarkable. According to preliminary estimates from Statistics Canada, the producer price index (PPI) slumped 0.6% in November, up from […]
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December 112020
Pound Crashes Against Dollar As No-Deal Brexit Appears Imminent
The Sterling pound today plunged against the dollar after both EU and UK leaders said that the possibility of a no-deal Brexit was quite high at the moment. The GBP/USD currency pair fell on the reports given that many investors were hoping that the EU and UK would agree to a compromise deal. The GBP/USD currency pair today fell from a high of 1.3324 in the late Asian market to a low of 1.3184 in the early London session and was […]
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December 112020
USD/JPY 104.57 High Starting a New Bearish Leg?
The US dollar versus the Japanese yen currency pair seems to be under constant bearish pressure. Is this really so? Long-term perspective Following the 109.08 level false piercing, as the high of 109.85 highlights, the pair entered into a descending trend limited by the trendline that starts from 108.16. Like so, the trend extended until a hair away from the intermediary level of 103.15. From there, a convinced appreciation came into […]
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