British pound is trading downside against the greenback during Asian Thursday trading session. Brexit worries, better than expected Initial Jobless claims and concerns over the omicron variant favors the safe haven US dollar and weighs on the pound. Talking about the Brexit Saga, Irish Foreign Minister Simon Coveney crossed wires while signaling no Brexit deal [...]
Australian dollar is trading slightly higher against the American dollar on Wednesday Morning Asian session. Better-than-forecast Australia Q3 GDP details favored the Australian dollar. It has to be noted that the quote has bounced from the yearly low 0.7061 just few hours before. Australia’s third-quarter (Q3) GDP had a rise of 3.9% YoY against the [...]
USD trades high against the Japanese Yen. The reason behind this move can be linked to recovery in the US treasury yields and reducing fear of omicron coronavirus variant. Further mixed Japanese data underpinned the bullish move of the pair. Japan’s Preliminary Industrial Production for October fell below 1.8% market consensus but recovered from -5.4% [...]
Euro is trading lower against the greenback as a reverse of Friday’s virus-led rebound during early European morning on Monday. The rationale behind this move can be related to the upbeat comment of the US and covid fears in Eurozone. The new variant of covid - The omicron virus had not yet been detected in [...]
