USD / CAD is witnessing short coverage on Wednesday, although it lacks continuation. USD bulls remain defensive amid optimism over the COVID-19 vaccine. Rising oil prices support the CAD and help limit the pair’s gains. The pair USD / CAD It has reached an intraday high of 1.3028 during the Asian session on Wednesday, although […]
Tag: Foreign exchange
US Dollar DXY Index Nears 92.00 Level Ahead of Key Data
The DXY index remains on the defensive near the 92.00 level. Risk appetite puts additional pressure on the dollar. The FOMC minutes, the PCE index and initial jobless claims will be released during the American session. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, accelerates […]
AUD / USD retraces from multi-week highs and falls to the 0.7325 region
Disappointing data from the housing sector in Australia triggers profit taking around AUD / USD. A dovish USD price action could help limit the slide ahead of top-tier US macro data. The pair AUD / USD is retreating from 12-week highs and has fallen to new daily lows at the start of the European session, […]
USD / CAD breaks lower and reaches 1.3000 psychological support
The dollar has broken below the low of the trading range of the last eight days, at 1.3035 / 50 on Tuesday, to reach the psychological level of 1.3000, with the Canadian dollar driven by positive market mood and the process of increased oil. US dollar sinks on risk appetite and higher oil prices The […]
USD / CHF trading little changed between 0.9100 and 0.9130
The US dollar remains capped below 0.9130. The Swiss franc remains heavy amid investors’ risk appetite. USD / CHF: Below 0.8943, 2014 lows at 0.8703 / 0.8698 will come into focus – Commerzbank. The U.S. dollar it has remained trapped within a tight range above 0.9100 on Tuesday. The dollar upside attempt seen in the […]
USD / JPY falls back to 104.50 from week-long highs at 104.75
USD / JPY appreciates for the third day in a row to hit highs of 103.75. Investor appetite for risk hurts the safe-haven yen. The USD is seen between 103.70 and 105.30 for the next few weeks – UOB. The U.S. dollar it appreciated for the third day in a row against a weaker Japanese […]
USD / TRY returns above 8, .00 as higher oil prices and ongoing diplomatic tensions weigh on the lira
Having flirted with the 8.00 level during the European morning on Tuesday, USD / TRY has convincingly surpassed this level to the upside in recent trading. Higher oil prices, weak manufacturing data and ongoing diplomatic disputes with the EU are hurting confidence. The Turkish lira has been on the defensive for the second day, with […]
EUR / GBP fails to stay above 0.8900 remains close to the 0.8860 support level
EUR GBP recovery attempt limited below 0.8920. The euro cuts losses after a two-day drop. In the long term, the euro is expected to remain trapped between 0.88 and 0.8900– Commerzbank. The euro it is making a slight recovery on Tuesday, bouncing from the lows of 0.8870 to trim losses after a two-day slide. The […]
GBP / USD bullish attempts remain capped below 1.3360 / 80
GBP / USD capped below 1.3360 / 80, stable above 1.3300 The pound is still offered amid risk appetite. The rally of the British pound will be capped below 1.3422 – Commerzbank. The pound it is trading higher for the third day in a row on Tuesday, up 0.12% against the US dollar at the […]
USD / CAD declines to two-week lows near 1.3000
USD / CAD is falling towards 1.3000 during the American session. WTI is trading at its highest since March near $ 45. The US dollar index retreats below 92.50 as US stocks rise. The pair USD / CAD It rose to a daily high of 1.3090 in the first US session, but took a 180 […]
