EUR / USD remains in range despite the weakness of the US dollar. The US dollar and the euro are among the worst performers among the G10 currencies on Wednesday. The EUR/USD it found support (again) at the 1.1850 area and bounced back to the 1.1870 area. It continues to trade in the 1.1850-1.1890 range, […]
Tag: Foreign exchange
USD / JPY extends its decline below 104.00 and hits new daily lows near 103.60
The yen performed better among the G10 currencies despite risk sentiment. USD / JPY was down for the fifth day in a row, targeting 103.45 / 50. The USD/JPY It resumed falling after a short-lived bounce to 104.10 and recently bottomed out at 103.64, the lowest level since November 9. The pair remains under pressure, […]
GBP / USD moves away from session highs of 1.3300, still supported by Brexit hopes
GBP / USD is again supported by Brexit hopes, with reports suggesting that the French have accepted less access to UK fishing waters. GBP / USD gains have stalled at 1.3300, but the short-term technical outlook remains bullish. The GBP/USD It is currently trading just below the session highs below 1.3300, and the pair is […]
EUR / USD finds support above 1.1850 and remains in ranges
Dollar consolidates losses on Wednesday. EUR / USD moving ranges below 1.1900. The EUR / USD fell to test the day’s lows but held above the 1.1850 area and bounced back towards 1.1870. The pair continues with consolidation runs between 1.1850 and 1.1890, with the euro unable to benefit from the weakness of the dollar. […]
NZD / USD retreats from highs, holding above 0.6900
NZD / USD touched its highest level since March 2019 above 0.6900. The US dollar index cuts daily losses at the beginning of the American session. Risk appetite flows continue to support the NZD on Wednesday. The pair NZD / USD It touched its highest level since March 2019 at 0.6931 during the European session […]
USD / MXN remains bearish below 20.40, looking at 20.00
The Mexican peso remains sideways against the dollar in the very short term. USD / MXN is trending down, looking towards the strong barrier of 20.00. The USD / MXN rose to 20.33 in the Asian session but then changed trend and it fell to 20.16, the lowest level in two days and just above […]
USD / CAD moves away from weekly lows, still depressed below 1.3100 after US / Canadian data
A combination of factors triggered new selling around USD / CAD on Wednesday. The loonie remained well supported by positive oil prices, according to the upbeat Canadian CPI report. A modest rebound in US bond yields benefited the dollar and helped limit losses. The pair USD / CAD it rose during the early North American […]
USD / TRY is trading cautiously around 7.70, with eyes on CBRT
USD / TRY extends laterality around 7.70. The markets’ attention remains on the key CBRT meeting. The consensus foresees an interest rate hike of (at least) 500 bp. The Turkish lira extends the consolidation mood for another session and leads to USD/TRY to the region of 7.70 on Wednesday. USD/TRY mira al CBRT USD / […]
AUD / USD clings to gains above 0.7300 as market sentiment remains bullish
AUD / USD is trading in positive territory above 0.7300. The US Dollar Index remains in the red below 92.50. The optimism of the coronavirus vaccine continues to increase the appetite for risk. The pair AUD/USD It fell to the 0.7270 zone during Asian trading hours on Wednesday, but had no difficulty reversing its direction. […]
USD / JPY is closing in on daily lows after bouncing to 104.10
The yen’s weakness is limited, reaffirming the positive moment. USD / JPY keeps the bearish bias intact. The yen remains among the best performing currencies in recent days and is ratifying it. The USD / JPY jumped to 104.10 after the Pfizer report on the COVID-19 vaccine, but a few minutes later it returned again […]
