USD / CAD remains trapped within a tight range on the last trading day of the week. A weaker USD has not helped the pair capitalize on this week’s recovery attempt. A sharp pullback in oil prices weighs on the CAD and helps limit the decline. The pair USD / CAD lacks a firm directional […]
Tag: Foreign exchange
AUD / USD jumps to fresh multi-week highs around 0.7380 region
The AUD / USD captures some new purchases on Friday and breaks the range of the previous day. Optimism over the COVID-19 vaccine weighs on the safe-haven USD and supports the pair’s upward move. Rising above the 0.7365-70 region could have already laid the foundation for further gains. The pair AUD/USD has moved higher during […]
US dollar DXY index flirts with daily lows near 91.90
The DXY index remains under pressure below the 92.00 level. Concerns about the pandemic continue to attract investors’ attention. No economic releases are expected on the US calendar in a shorter session on Friday. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, holds up well […]
GBP / USD clings to modest gains near 1.3370 area, lacks continuation
GBP / USD manages to regain some positive traction on the last trading day of the week. The modest intraday rally does not appear to be affected by the incoming Brexit news. Optimism around the COVID-19 vaccine weighs on the safe-haven USD and supports the pair’s rise. The pair GBP/USD maintains its modest intraday gains […]
USD / JPY recovers from slide to 103.90, still negative near multi-day lows
USD / JPY is witnessing some selling for the second day in a row on Friday. A softer tone around the USD is seen as a key factor putting pressure on the pair. Optimism over the COVID-19 vaccine weighs on the safe-haven JPY and helps limit the pair’s slide. The pair USD/JPY remains under pressure […]
Outlook remains positive – UOB
The currency strategists of UOB Group noted that the EUR/USD it shows companies and it is expected that come up in the next few weeks. 24 hour perspective: “Yesterday, we held the view that there was room for the EUR to first test 1.1955 before a pullback could be expected. Our outlook was not entirely […]
AUD / USD sideways below 0.7375 in a thin trading session
AUD / USD consolidates gains below 0.7400 in a thin market session. The US FOMC Minutes hurt USD demand. Westpac analysts see that the Australian dollar will break above 0.7400 next week. The australian dollar it has remained practically flat at the 0.7365 zone in a quiet session with the United States celebrating Thanksgiving. The […]
NZD / USD remains in the range around 0.7000 amid lack of new catalysts for kiwi
NZD / USD is trading within very tight ranges around 0.7000 amid a quiet forex market due to the Thanksgiving holiday in America. The pair appears content to stabilize near the recent highs as it awaits further macro drivers. The NZD / USD It has been going sideways for most of the session around 0.7000, […]
USD / CAD consolidating around 1.3000 with bulls capped at 1.3030
USD / CAD consolidates losses in the 1.3000 area. The loonie falls as oil prices retreat from eight-month highs. The pair remains near two-year lows at 1.2930. The U.S. dollar It has risen for the second day in a row on Thursday, although the pair is still unable to break above the 1.3025 / 30 […]
USD / CHF falls to the lowest level in more than two weeks at 0.9060
USD / CHF is falling for the third day in a row on Thursday. The US dollar index is moving sideways near 92.00 in the American session. After closing below 0.9100 on Wednesday, the pair USD/CHF it fell on Thursday and hit its worst level since Nov. 9 at 0.9060. At time of writing, the […]
