US stocks rise sharply, Dow Jones at all-time highs above 30,000. The Mexican peso is the best performing among emerging market currencies. The USD/MXN falls on Tuesday after a short-lived rebound on Monday. He’s about to retest the 20.00 zone. It bottomed at 19.97 on Monday, the lowest level since March before rebounding to 20.20. […]
Tag: Foreign exchange
AUD / USD rises above 0.7350 as USD struggles to preserve strength
AUD / USD remains on track to close with strong gains. The US dollar index falls due to the Wall Street rally. RBA’s Debelle says he’s not convinced negative rates work. The pair AUD/USD it rose to its highest level since early September at 0.7368, but lost its traction before the US session. After falling […]
NZD / USD retreats from more than two-year highs above 0.7000, for now holding above 0.6950
Earlier on Tuesday, the NZD / USD briefly rose above 0.7000 for the first time since mid-2018, with sentiment fueled by the news about the RBNZ. However, amid a broad rally in the USD, the pair has pulled back, but remains supported above 0.6950. Amid a broad recovery in the USD, the NZD / USD […]
GBP / USD falls back into negative territory but remains above 1.3300
GBP / USD has fallen back sharply from the European session highs around 1.3380 but has managed to stay above the 1.3300 support. The pair appears to be waiting for more evidence that the Brexit deal is close before continuing the climb. Amid a broad recovery in the US dollar at the start of the […]
USD / JPY Makes New Weekly Highs at 104.75
Yen remains weak as stocks rise. Dollar supported by economic data and rise in yields. The USD / JPY extended the bullish rally and set new weekly highs at 104.75. Since the start of the week, it has accumulated an advance of almost 100 pips. The rises continue to be supported by equity markets which […]
EUR / USD erases most of intraday gains, around 1.1850
The USD’s renewed sell bias helped EUR / USD regain positive traction on Tuesday. The rally lost stability at 1.1900. The pair EUR/USD It fell back around 40 pips from the daily swing highs and was last seen trading modest daily gains, just above 1.1850. Following volatile swings overnight, the pair managed to regain positive […]
Firmer USD / TRY Testing Weekly Highs Above 8.0000
USD / TRY extends the rally above 8.00. The lira remains on the defensive as the sell bias accelerates. Turkey’s manufacturing confidence fell to 103.9 this month. The Turkish lira extends lower for another session on Tuesday and raises to USD/TRY back to the area above the 8.00 psychological level, only to regress later. USD […]
AUD / USD declines from multi-week highs, still offered around 0.7340-35 ahead of US data.
AUD / USD spiked to the highest level since Sept. 2 amid renewed USD sell bias. The Fed’s dovish expectations, COVID-19 vaccine optimism undermined the safe-haven dollar. A modest recovery in US bond yields eased downward pressure from the USD and limited the upside. The pair AUD/USD It quickly retraced around 30 pips from the […]
USD / CAD quickly recovers from 2-week lows, returns above 1.3050
A combination of factors drove some sales for the second consecutive session. The intraday slide found decent support before the 1.3000 psychological level. Bullish oil prices undercut the loonie and could contain any strong bullish movement. The pair USD / CAD found decent support before the key psychological level of 1.3000 and has now recovered […]
USD / MXN maintains a bearish tone, testing 20.00
The Mexican peso rose again against the dollar, after Monday’s fall. USD / MXN is still bearish, but without breaking 20.00. USD / MXN is declining on Tuesday after rising modestly on Monday. The price stands at 20.05 and continues to target the 20.00 area, which is the key short-term support. Optimism in stocks continues […]
