AUD/USD

AUD/USD: The Australian dollar rallied to a 2-week peak after data out of China showed the official Purchasing Manager’s Index bounced to 52.0 in March, up from a record-low 35.7 in February and beating forecasts of 45.0. China’s manufacturing activity slowed earlier this year as the government instituted large-scale lockdowns and quarantines to contain the […]

31.03.2020 More information

GBP/USD

GBP/USD: Sterling slumped as Britain’s economic outlook was knocked further by a credit ratings downgrade. Ratings agency Fitch cut Britain’s sovereign debt rating on Friday, stating that debt levels would increase as it ramped up spending to offset a near shutdown of the economy. The major traded 0.6 percent lower at 1.2334, having hit a […]

31.03.2020 More information

USD/JPY

USD/JPY: The dollar surged as Japanese investors and companies rushed to cover a shortage of the U.S. currency before their fiscal year-end. Investor risk-sentiment slightly improved after data showed China’s official manufacturing Purchasing Manager’s Index unexpectedly showed activity swung to expansion in March, however, markets tempered their optimism because China’s economy is still expected to […]

31.03.2020 More information

EUR/USD

EUR/USD: The euro eased, extending prior session losses, as investors continued to digested yesterday’s data that showed Euro zone sentiment suffered its steepest ever monthly decline in March as the coronavirus led to declining confidence among consumers and all sectors of the economy. Moreover, strength in the greenback further dented the bid tone around the […]

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DXY

DXY: The dollar index surged as investors braced for prolonged uncertainty and governments tightened lockdowns and launched monetary and fiscal measures to fight the virus. The greenback against a basket of currencies traded 0.4 percent up at 99.47, having touched a low of 98.27 on Friday, its lowest since Mar. 17.

31.03.2020 More information

AUD/USD

AUD/USD: The Australian dollar eased from a 2-week peak and halted a 6-day winning streak as the People’s Bank of China’s rate cut and the liquidity injection failed to boost investor risk sentiment, while coronavirus lockdowns stoked fears of economic damage. The PBoC cut the seven-day reverse repo rate to 2.2 percent from 2.4 percent […]

30.03.2020 More information

GBP/USD

GBP/USD: Sterling nudged lower from a 2-week peak as the greenback gained after the U.S. government approved $2.2 trillion in fiscal stimulus and the Federal Reserve injected more dollars into the financial market by buying U.S. government bonds. The major traded 0.5 percent lower at 1.2384, having hit a high of 1.2485 on Friday, it’s […]

30.03.2020 More information

USD/JPY

USD/JPY: The dollar declined to a near 2-week low earlier in the session as investors digested data that showed U.S. consumer sentiment dropped to near a 3-1/2-year low in March. However, the major trimmed losses after the top U.S. House of Representatives Republican said on Sunday that a fourth economic stimulus package to try to […]

30.03.2020 More information

EUR/USD

EUR/USD: The euro plunged from a 1-1/2 week peak as the greenback rebounded after the U.S. House of Representatives on Friday approved a $2.2 trillion aid package to help cope with the virus-inflicted economic downturn. The European currency traded 0.3 percent down at 1.1099, having touched a high of 1.1147 on Friday, its highest since […]

30.03.2020 More information