Euro has gained strength against dollar in a single-day percentage gain in nearly nine months. The Euro's rise is remarkable, given it is happening just days before the European Central Bank's Dec. 10 meeting, where policymakers are expected to announce additional monetary easing measures. The bearish sentiment around the dollar looks to be powering gains [...]
The US Dollar continues to struggle as downward pressure mounts and pushes the DXY Index to a new monthly low. USD price action weakened against its counterparts like EUR, GBP. This move appear largely driven by a continuation of prevailing trends such as waning demand for safe-haven currencies like the US Dollar. The minutes of [...]
EUR/USD has recovered sharply back into positive territory on the day. Triggering the abrupt recent injection of risk appetite into markets in recent trade was the news that US fiscal stimulus talks are back on; Democratic Minority Leader of the Senate Chuck Schumer said that Republican Senate Majority Mitch McConnell had agreed to resume negotiations [...]
EUR/USD continues to drop as Eurozone's biggest economies, France and Germany, consider imposing the economically-painful lockdown restrictions to counter the rising corona virus cases. France is reportedly considering a month-long national lockdown, which could take effect from midnight on Thursday. While these measures look less severe than the ones implemented in April/May, they could still [...]
