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November 18
2020

Sterling Pound Rallies Against Dollar on Upbeat UK Inflation Data

The Sterling pound today surged against the dollar boosted by the upbeat British inflation report released early in the morning and the positive investor mood. The GBP/USD currency pair’s rally was also fueled by investor hopes that the UK and EU will reach a post-Brexit trade deal before the fast-approaching December 31 deadline. The GBP/USD currency pair today rallied from a low of 1.3243 in the Japanese session to a high of 1.3280 in the early London session and was […]

November 16
2020

Euro Rallies on Asian Nations Trade Deal Later Falls on ECB Speeches

The euro today alternated between gains and losses and gains against the dollar rallying on the news such as the trade deal between China and 14 Asia-Pacific countries. The EUR/USD currency pair later gave up most of its gains after speeches from several European Central Bank policymakers that were quite dovish later in the day. The EUR/USD currency pair today surged to a high of 1.1868 in the early Frankfurt session before falling to a low […]

November 12
2020

Pound Falls Against Dollar on Weak UK GDP Data, Brexit Stalement

The Sterling pound today fell against the dollar following the release of weak UK GDP data as the country’s economy expanded less than expected in September. The GBP/USD currency pair’s decline was further fueled by the lack of progress in Brexit negotiations as the December 31st deadline draws near. The GBP/USD currency pair today fell from an initial high of 1.3227 in the Australian session to a low of 1.3114 in the American session and was headed lower at the time of writing. […]

November 10
2020

Euro See-Saws Against Dollar on Weak German ZEW Survey Data

The euro today oscillated between gains and losses against the US dollar falling on weak eurozone macro releases and rising as the greenback fell. The EUR/USD currency pair appeared to lose its bullish momentum today and traded sideways following yesterday’s decline. The EUR/USD currency pair today rallied to a high of 1.1843 in the early Frankfurt session before falling to a low of 1.1780 in the middle of the session, then recouping some of its losses heading into the American […]

November 6
2020

Canadian Dollar Rallies Against US Peer Despite Weak Jobs Data

The Canadian dollar today rallied against its US peer as the US Presidential election continued to weigh on the greenback overshadowing the positive jobs data. The USD/CAD currency pair today fell to new 10-week lows as the loonie got an edge against the greenback as Joe Biden secured a significant lead over incumbent President Donald Trump. The USD/CAD currency pair today fell from a high of 1.3096 in the Asian session to a low of 1.3020 during […]

November 5
2020

Euro Rallies Against Dollar As FOMC Holds Rates and Biden Leads

The euro today rallied against the dollar as the vote-counting in the US Presidential election dragged on slowly as both parties went to court. The EUR/USD currency pair gave up some of its gains during the American session as the dollar hit a bottom and edged higher at the New York open. The EUR/USD currency pair today rallied from a low of 1.1711 during the Australian session to a high of 1.1859 during the American session before giving up some gains […]

November 4
2020

Euro Rallies Against Dollar as Biden Maintains US Election Lead

The euro today oscillated between gains and losses as US election officials continue to count votes in the tightly-contested US Presidential elections. The EUR/USD currency pair fell earlier today after President Donald Trump threatened to use the Supreme Court to stop vote-counting in some states. The EUR/USD currency pair today fell to a low of 1.1602 in the early Australian session following Trump’s comments before spending the rest of today’s session inching higher and was […]

November 3
2020

Euro Rallies Against the Dollar As the US Elections Unfold

The euro today rallied to new 5-day highs against the US dollar as the US Presidential election day caused the dollar to selloff against other currencies. The EUR/USD currency pair’s rally was driven by the upbeat market sentiment, which also fueled a rally in the equity markets led by the Dow Jones and Nasdaq. The EUR/USD currency pair today rallied from a low of 1.1641 at the Australian open to a high of 1.1740 in the early American session and was trading […]

October 28
2020

Euro Falls Against Dollar as EU Countries Initiate 2nd Lockdown

The euro today fell against the dollar as eurozone countries initiated fresh lockdown measures to curb the rising coronavirus cases within their borders. The EUR/USD currency pair fell driven by safe-haven flows as investors bought the dollar to hedge against the risks posed by the coronavirus pandemic to the global economy. The EUR/USD currency pair today fell from a high of 1.1788 during the Australian market to a low of 1.1717 during the early American session but has […]

October 15
2020

Euro Falls on Rising EU Coronavirus Cases and Risk-Off Sentiment

The euro today fell against the US dollar driven the risk-off market sentiment amid rising coronavirus cases in the euro area stoking fears of more lockdowns. The EUR/USD currency pair fell to new 2-week lows as US stimulus talks stall ahead of the November 3 Presidential election as opinion polls place Joe Biden ahead of Trump. The EUR/USD currency pair today fell from a high of 1.1757 in the late Asian session to a low […]