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Daily Forex News
The US Dollar Index remains close to a 2-month high as market players await fresh developments before gauging the greenback's direction.
The US Dollar Index fell from a 2-month high during Asian trade on Friday as investors' concerns of a US economic recovery were eased by hopes of additional stimulus.
The Pound Sterling inched higher against the US Dollar during London trade on Thursday as market participants awaited news on the next set of lock down measures
The Swiss National Bank announced its decision to leave the cash rates unchanged, in the negative territory, at 0.75 percent.
S&P 500 Index Again Approaches Correction Level; U.S. Dollar Bid; British Pound Hits Low
Though broadly lower now, currency strategists say that the US Dollar is likely to maintain positive sentiment and gain ground against its rivals, especially in the Eurozone where a resurgence of the Coronavirus is weighing on sentiment.
The Reserve Bank of New Zealand announced on Wednesday its decision to leave the cash rates unchanged at 0.25 percent, a decision that is in line with the analysts' expectations.
S&P 500 Index Finally Bounces From Correction Level; Global Stocks Mixed; U.S. Dollar Bid; British Pound Hits Low
During the London trade on Tuesday, the Pound Sterling attempts to recover from the recently struck 2-month trough against the greenback.
Yesterday, oil futures markets dropped in light of the Libyan crude return to the market, and as coronavirus cases increase in Europe.
S&P 500 Index Hits Correction Level; Global Stocks Mostly Lower; ASX Hits 3-Month Low
A resurgence of the Coronavirus pandemic in Great Britain is prompting the government to consider implementing another national lockdown.
The People's Bank of China announced its decision to leave the cash rates unchanged for the fifth consecutive month, at 3.85 percent.
USD/JPY Near Long-Term Low; Stock Markets Look Shaky
The US Dollar was able to recover some lost ground against the Japanese Yen after interest in the safe haven currency was revived after the latest commentary from the Federal Reserve Bank