The Japanese yen gained today as optimism about the coronavirus vaccine waned, making safer currencies more appealing to traders. Markets started the week in an optimistic mood due to the news that a major breakthrough…
The Sterling pound today fell against the dollar following the release of weak UK GDP data as the country’s economy expanded less than expected in September. The GBP/USD currency pair’s decline was further…
The New Zealand dollar jumped yesterday and was trying to extend its rally today but failed to do so and has retreated by now. The reason for the jump was easy to pinpoint — the less certain…
The euro today rallied against the dollar boosted by the positive investor sentiment despite the rising coronavirus cases and lockdown measures in Europe. The EUR/USD…
The US dollar is looking to maintain its momentum toward the end of the trading week, buoyed mostly by economic data rather than the broader market trends. The greenback is searching for support from…
The Great Britain pound versus the Canadian dollar currency pair seems to be having trouble climbing. Long-term perspective After the high of 1.7674 was proved to be part of a false piercing of the 1.7567…
The Turkish lira is enjoying its best rally in months as the government eased two-year-old currency trading limits, giving the lira a substantial boost. It is also rising against several currency…
The Australian pound versus the New Zealand dollar currency pair seems to have been limited in its attempt to switch to bullish mode. Long-term perspective After crafting the 1.0566 low, the price continued…
The euro today oscillated between gains and losses against the US dollar falling on weak eurozone macro releases and rising as the greenback fell. The EUR/USD currency pair appeared to lose its bullish momentum…
The Chinese yuan is extending its months-long rally on Tuesday after breaking the 6.6 threshold against the US dollar. The yuan, which has been one of the best-performing currencies in the aftermath of the coronavirus pandemic,…