The dollar rises further on risk aversion; US data eyed for fresh signals
The pair extends recovery to new over one-week high as dollar remains inflated by global recovery concerns, keeping risk aversion in control.
Slight recovery of European stock markets failed to improve sentiment, keeping the greenback at…
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Bears take a breather on higher EU stocks
Cable caught bid on higher European stocks on Thursday and put bears on hold after falling 0.8% previous day.
Near-term action is weighed by fresh risk aversion and negative daily studies with consolidation expected to precede push towards…
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Euro remains in red and eyes key supports ahead of important US data
The Euro extends weakness on Thursday, remaining under pressure on fading risk sentiment over fears of slowdown in recovery process that prompted traders into haven dollar.
Negative signal was generated on Wednesday, following 0.5% daily…
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Another build in US crude stocks pressures oil price further
WTI oil extends weakness into second straight day and cracked $39 support after release of US crude stocks data on Thursday.
The oil price falls further as bulls stalled after hitting new 3 ½ month high ($41.61) on Tuesday.
Rising…
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Gold hits new 8-year high as investors move into safety on fears of the second wave of virus
Spot gold extended advance into fourth straight day and hit new highest level in nearly 8 years ($1779) on Thursday.
Growing fears of the second wave of Covid-19 pandemic prompt traders into safety, while talks about new stimulus measures…
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Dollar rises as fears of the second wave of virus sour risk sentiment
The dollar regained traction on Thursday, as fears of the second wave of Covid-19 eventually tempered optimism about global post-pandemic recovery, with positive impact on risk sentiment from upbeat German business climate data also being…
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