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Daily Forex News
The US Dollar traded within a narrow trading band during Asian trade on Friday with traders wary of the growing numbers of cases of the Coronavirus in the US.
The Dow Jones Industrial Average closed Q2 2020 at record highs, and oil prices had their best quarter in 30 years in Q2.
The U.S. Dollar fell against its main rivals during London trade on Thursday, generally on improved risk appetite and growing hope that a vaccine breakthrough to halt the spread
The number of global COVID-19 is set to surpass 11 million today, with new daily cases continuing to surge in the United States, India, Russia, and Brazil.
Oil futures markets recovered yesterday after the markets learned that the US oil stockpiles fell more than expected and despite the fears for the second wave of Covid-19.
Stock markets firm; U.S. Dollar weaker; U.S. jobs forecast seen lower; Record high daily number of global new coronavirus cases
Global manufacturing took a huge hit in recent months as the global coronavirus pandemic kept both factories and stores closed.
The Pound Sterling steadied against its US counterpart after an unexpectedly improved manufacturing survey showed an increase in output
Yesterday, oil markets moved backwards giving up part of yesterday's gains, in light of the possible return of Lybian production and the advance of the Covid-19
Gold trades at $1786 per ounce; Stocks weaken somewhat; U.S. Dollar strong
The Pound Sterling was broadly lower in London trading on Tuesday as FX traders await news of the government's plans regarding infrastructural spending given the latest growth data.
Yesterday, oil markets recovered after two consecutive days of losses, as demand for crude recovers and despite the fears for a second wave of the coronavirus.
Stock markets rise shrugging off coronavirus fears; Fed’s Powell warns of “extraordinary uncertainty”; Gold stays strong
During London trade on Monday, the Pound Sterling remained within striking distance of the recently struck 1-month trough after the Prime Minister hinted that it was his strong intent to increase investment in public infrastructure as an attempt to recover from the hard-hit economy which is struggling in the wake of the Coronavirus pandemic.
This week, the oil markets remained in the negative territory, as fears for a second wave of the corona-virus surged given the increase of cases in certain places.