USD / CHF momentarily fell below the 0.8900 level in previous trading for the first time since January 2015. Broad USD weakness is the cause of the decline, and CHF is holding up well despite strong appetite for risk. Broad USD weakness on Thursday is to blame for the continued march of the USD/CHF to […]
Tag: Foreign exchange
USD / CAD falls below 1.2900, sets new multi-year lows
USD / CAD has recently dipped below the 1.2900 level, setting new multi-year lows. The driver of the move has been USD weakness, and the loonie has largely ignored the OPEC + developments. The USD / CAD It is suffering amid a broader tone of USD weakness that caused the dollar index (DXY) to fall […]
USD / JPY dips below 104.00 amid USD decline
USD / JPY fell below the 104.00 level on Thursday amid a broad continuation of USD weakness. The pair now broke a medium-term uptrend, which could open the door to a test of the November lows. The USD/JPY it has dipped below 104.00 in recent trading, setting lows at 103.68 before falling back to current […]
The Mexican peso strengthens below 20.00
USD / MXN falls to new multi-month lows, trying to consolidate below 20.00. The Mexican peso is about to post its highest close since mid-March. The USD/MXN It fell back below 20.00 and bottomed at 19.85, the lowest level since March. This time it’s holding down. A close below 20.00 would point to further weakness […]
EUR / USD retreats below 1.2150 after updating multi-year highs
EUR / USD is rising for the third day in a row on Thursday. The US dollar index extended its decline towards 90.50. The release of mixed macroeconomic data from the US did not help the dollar. The pair EUR/USD it gained nearly 200 pips in the previous two days and retained its bullish momentum […]
AUD / USD at new two-year highs near 0.7450
The US dollar index falls further, 0.60% to the lowest since 2018. AUD / USD is heading towards the highest close since July 2018. The AUD/USD it broke above 0.7435 and rose to 0.7449, reaching the highest level in two years. The combination of a weaker US dollar and risk appetite is driving the pair […]
NZD / USD reaches 0.7100 for the first time since April 2018
A coup for the NZD / USD has seen the pair break above Wednesday’s high of 0.7085 and hit 0.7100. The last time the kiwi reached these levels against the US dollar was in April 2018. Widespread USD weakness, exacerbated by strong US PMI data, has fueled the move. The NZD / USD is seeing […]
USD / TRY remains in the range around 7.80
USD / TRY remains in the consolidation range around 7.80. Turkey’s inflation figures rose more than expected in November. Stealth is still the name of the game ahead of the CBRT event. The Turkish lira recovered some buying interest in the second half of the week and boosted the USD/TRY to reverse part of the […]
USD / CHF falls to fresh multi-year lows, targeting 0.8900 amid notable USD bid
USD / CHF witnessed strong selling for the third consecutive session on Thursday. Hopes for more fiscal stimulus from the United States weighed on the United States and continued to exert pressure. The optimism of the COVID-19 vaccine did little to provide support or stop the ongoing decline. The pair USD/CHF It sank to fresh […]
EUR / USD continues to advance and marks new highs in two years above 1.2160
The dollar continues downhill and the DXY falls towards 90.50. EUR / USD went up for the third day in a row, accumulating 200 pips of profit so far this week. The EUR / USD is trading at 1.2165, the highest level since April 2018. In the last hour it broke the previous highs, before […]
