The Swiss franc is trading relatively flat against the US dollar to finish the trading week. The safe-haven asset, which has been one of the top-performing currencies in this yearâs chaotic financial market, was struggling to find direction amid the latest producer and import prices and the central bankâs lack of enthusiasm over negative interest rates. Despite a bombardment of foreign exchange interventions, the franc continues to appreciate, frustrating policymakers. According to the Swiss Federal … “USD/CHF Flat on Inflation, Investors Weigh SNB Comments”
Great Britain Pound Flat Despite Worrying Brexit News
The Great Britain pound was mostly flat today despite concerning Brexit news headlines. While the sterling was trading either near the opening level or slightly higher against most of its rivals, it fell versus the Canadian dollar. The European Union and the United Kingdom decided yesterday to prolong Brexit talks beyond the October 15 deadline. But it seems that UK Prime Minister Boris Johnson wants to walk … “Great Britain Pound Flat Despite Worrying Brexit News”
GBP/USD: Sterling set for rock on Trump’s last chance, after Boris’ Brexit move
GBP/USD has struggled to advance amid minimal progress in Brexit and US fiscal stimulus talks. The US presidential debate and the UK’s handling of coronavirus, stand out in the upcoming week. Mid-October’s daily chart is painting a mixed picture. The FX Poll is pointing to falls in the short term. Two steps forward, one step back … “GBP/USD: Sterling set for rock on Trump’s last chance, after Boris’ Brexit move”
Canadian Dollar Rallies Against US Peer Driven by Dollar Dynamics
The Canadian dollar today rallied against its US peer benefitting heavily from the latter’s decline as investors remained cautiously optimistic about the global economy. The USD/CAD currency pair fell as the loonie rallied driven by the upbeat investor sentiment as Canada insists that it will not open its borders to Americans given the surge in … “Canadian Dollar Rallies Against US Peer Driven by Dollar Dynamics”
Euro Rallies on ECB Comments and In-Line Eurozone Inflation Data
The euro today inched higher against the dollar as rising eurozone coronavirus cases continued to weigh on the single currency amid mixed inflation reports. The EUR/USD currency pair was trading sideways earlier today before surging higher boosted by positive comments from European Central Bank policymakers. The EUR/USD currency pair today rallied from a low of … “Euro Rallies on ECB Comments and In-Line Eurozone Inflation Data”
NZ Dollar Mixed After Economic Data, Ahead of Election
The New Zealand dollar was mixed today, though it largely did not go far from the opening level against its major rivals. The notable exceptions were the Great Britain pound and the Australian dollar, with the former one demonstrating a decent gain and the latter one showing a decline versus the kiwi. The BusinessNZ Performance of Manufacturing Index climbed to 54.0 in September from 51.0 in August. While the reading was undoubtedly good, … “NZ Dollar Mixed After Economic Data, Ahead of Election”
USD/JPY Respecting the 105.09 Support?
The United States dollar versus the Japanese yen currency pair seems to be under bullish control. Long-term perspective From the 111.71 high, the price started a decline that, for the time being, coined the low at 104.00. Along this path, the market crystallized two unfoldings that are trying to emulate ranges. The first one is limited by the 109.08 and 107.00 firm resistance and support, respectively. The second is lined up by 107.00 as resistance … “USD/JPY Respecting the 105.09 Support?”
US Dollar Jumps As Initial Jobless Claims Surge to Seven-Week High
The US dollar is rising on Thursday after the US government reported that initial jobless claims surged more than the market had anticipated. The greenback is witnessing an influx of traders who seeking shelter from the slide in the broader financial market. With the leading benchmark indexes in the red and the metal commodities sliding, investors are searching for protection in the buck. According to the Department of Labor, the number of Americans filing for first-time unemployment benefits came … “US Dollar Jumps As Initial Jobless Claims Surge to Seven-Week High”
Aussie Falls vs. Rivals After Employment Report, Lowe’s Speech
The Australian dollar was weak today, falling against all most-traded rivals, even commodity currencies. Market analysts listed the following reasons for the decline: risk aversion on markets due to concerns that US politicians may fail to agree on a coronavirus relief package ahead of the presidential election, unfavorable Australian employment data, and comments from the Australian central bank’s chief that boosted bets on additional monetary easing. Philip Lowe, Governor … “Aussie Falls vs. Rivals After Employment Report, Lowe’s Speech”
GBP/CAD Still Wants Above 1.7132
The Great Britain pound versus the Canadian dollar currency pair seems not to let go of the idea of rising. Long-term perspective The appreciation that came into being from the low of 1.6542 — after the level of 1.6724 was falsely pierced — managed to extend beyond the 1.7567 resistance level. However, further rise was limited by the 1.7705 intermediary level. From that point onward, the price was bounded by the 1.6724 (and 1.6868) as support and 1.7567 … “GBP/CAD Still Wants Above 1.7132”