Dollar loses traction after latest Fed’s measures
The dollar index fell on Monday after Fed announced the new extraordinary set of programs in attempt to offset severe disruption to the economy on corona virus pandemic.
The US central bank decided to extend the use of ‘heavy artillery’ as…
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Breaking: Dollar Index falls sharply after Fed announced new measures
The Federal Reserve announced 'aggressive action to confront severe disruptions' a wide range of measures for companies, small businesses and households, sending dollar lower across the board
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Strong recovery rejections and fresh strength of dollar keep the pair in red
The Euro eased in early European trading on Monday as dollar regains traction and leaves a little space for Euro’s recovery after steep fall in past two weeks.
Strong recovery rejection on Friday at 1.0830 and inability to hold above…
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The dollar index is on track for the first close in red after 8 days of uninterrupted rally
The dollar index is holding in red on Friday for the first time in nine days, as the greenback eased after the measures of US policymakers as well as other world central banks and governments, started to positively impact markets and…
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Aussie extends recovery as demand for greenback eases
The Australian dollar extends bounce from new nearly 18-year low at 0.5509 on Friday, registering gains of 3.5% since Friday’s opening.
Eased demand for US dollar on the latest measure from Fed, downbeat US jobless claims and stronger than…
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New UK stimulus measures result in impressive recovery in early Friday’s trading
Cable is in recovery mode on Friday and gained 3.3% on bounce from 1.1465 (Asian low) to 1.1876 (early European session high).
Thursday’s unscheduled BoE rate cut and a increase of QE, boosted the sentiment, with fresh easing of US…
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Euro collapses below 1.07 on fresh rally of US dollar
The EURUSD fell one full figure and probed below 1.07 level as fresh buying pushed dollar index to new three-year high above 103 barrier.
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Breaking: Bank of England cuts key interest rate to 0.1% from 0.25%
The Bank of England Monetary Policy Committee further reduced interest rates to 0.1% in unscheduled meeting today and also increased its QE program by 200 billion pounds to 645 billion pounds, in attempts to boost efforts in containing the…
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USDJPY surged through a series of strong barriers; 2020 high comes in focus
The pair surged through a cluster of daily MA’s (200/30/55/100) and probed above 110 level in Thursday’s 1.5% advance, as strong demand for dollar keeps near-term bulls firmly in play.
Eventual close above 200DMA (108.24) which limited…
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Bears are consolidating as ECB measures encourage but overall picture remains negative
The Euro bounced some hundred pips from new three-year low (1.0725) on Thursday, as bears take a breather following comments of ECB President Christine Lagarde, who expressed strong commitments with no limits in attempts to defend the…
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