The EURUSD pair moved above the important resistance of 1.1325 as optimism on the euro started to come back. The price is up by about 25 basis points today as bulls attempt to resume the previous upward trend.
The GBPUSD pair declined slightly after the Office of National Statistics (ONS) released some of the worst economic numbers on...
After surging to its 10-month highs, AUDUSD gave up ground as risk aversion from a staggering number of coronavirus cases in the US weighed down sentiment.
USDJPY traded lower in yesterday’s trading as risk aversion dominated market sentiment on concerns that the US may need to impose lockdowns again soon.
As global markets absorbed the impact of the Fed’s grim outlook for the US economy this Thursday, the investment sentiment...
USDNOK jumps today after three days of consolidation at the five-month lows. Risk-off sentiment helps the greenback as investors run away from risky currencies and looking to cover in safe havens such as USD.
The Pound to Rand rate has spiked after a shocking drop in several indices used to assess the state of...
The EUR to GBP (EURGBP) pair is up by more than 50 basis points today as the euro accelerates its rally. The euro index, which measures the strength of the euro, compared with its peer currencies rose by 0.20%.
The NZDUSD pair declined by about 70 basis points even as New Zealand released upbeat retail sales numbers. The pair is trading at 0.6494, which is significantly below this week’s high of 0.6580. The decline was partly due to the overall strong US dollar following the FOMC rates decision yesterday. The US dollar index is up by 30 basis points.
EURUSD rallied to its highest levels since March 10 at 1.1412 after the FOMC hinted that they did not plan on increasing interest rates until 2022.