GBP / USD rebounded from support at the weekly lows of 1.3670 and is currently recovering towards 1.3750. The fact that the UK and the EU have defused vaccine tensions seems to have helped. Even though the US dollar advanced against most of its G10 counterparts on Thursday, the GBP/USD it is experiencing a fairly […]
Tag: Foreign exchange
NZD / USD falls to fresh multi-month lows below 0.6950
The NZD / USD came under renewed selling pressure in the US session. The US Dollar Index continues to climb towards 93.00. The 10-year US Treasury yield appears to break the three-day losing streak. After spending the first half of the day fluctuating in a relatively tight range below 0.7000, the pair NZD / USD […]
USD / CAD Recovers Above 1.2600 Level As USD Moves Up, Crude Oil Prices Stagnate
USD / CAD has recovered north of the 1.2600 level in recent trading to hit new weekly highs. A combination of USD strength and crude oil price weakness is behind the move. The USD / CAD it has rallied above 1.2600 in recent trading to hit fresh weekly highs. That means that after a day […]
GBP / USD remains above 1.3700 despite USD strength
The pound among the best performers on Thursday, also against the euro. GBP / USD has risen for the day after losing nearly two hundred pips in the previous two sessions. The GBP/USD It is hovering around 1.3720 / 25, up about 40 pips so far on Thursday. Cable remains above 1.3700 even as the […]
USD / TRY resumes rally, targeting 8.0000
USD / TRY regains traction to the upside near 8.0000 on Thursday. The stronger dollar adds selling pressure to the lira. Turkey’s 10-year yield is approaching 20%. The lira fades Wednesday’s optimism and resumed its decline, lifting the USD/TRY back to the vicinity of 8.0000 on Thursday. USD / TRY faces a bigger rise in […]
EUR / GBP falls to three-day lows below 0.8600
The pound among the top performers on Thursday also gains against the US dollar. EUR / GBP corrects lower after rising for four consecutive days. The EUR/GBP it is falling on Thursday, correcting lower from the weekly high it reached on Tuesday at 0.8645. It recently bottomed at 0.8589, the lowest level in three days. […]
EUR / USD remains lateralized around 1.1800
EUR / USD struggles for direction around the 1.18 zone. The dollar remains on the positive path and reaches highs in 2021. Final US fourth quarter GDP stood at 4.3% QoQ, beating consensus. The single currency remains well on the defensive and drags the EUR/USD to new yearly lows at levels below 1.1800 on Thursday. […]
USD / MXN remains below 21.00, the Mexican peso among the strongest on Thursday
The Mexican peso rises against the dollar and its main rivals. USD / MXN maintains a bullish bias, but below 21.00. The decision of the Bank of Mexico is coming. The Mexican peso is rising modestly against the dollar, on a day when stocks are falling throughout the world. The USD / MXN remains close […]
USD / JPY consolidates daily gains above 109.00 after US data.
USD / JPY remains quiet above 109.00 despite renewed USD strength. Risk aversion helps the JPY find demand early in the US session. US real GDP expanded 4.3% in the fourth quarter. The USD/JPY gained bullish momentum during the first half of the day and advanced to a daily high of 109.17. However, the pair […]
AUD / USD pulls back below 0.7600 as market mood turns sour
AUD / USD is having a hard time holding above 0.7600. The US Dollar Index is holding on to modest daily gains above 92.60. S&P 500 futures turned negative for the day. After climbing above 0.7600 during European trading hours, the pair AUD/USD lost its traction as the observed negative shift in market sentiment provided […]
