EUR/USD slumps to fresh lows on the day as dollar continues to push higher

EUR/USD falls to 1.1916, nears a test of its 100-hour moving average Invest in yourself. See our forex education hub. It is all about the dollar and yields in European morning trade, as a surge in the former is keeping the greenback bid throughout the session so far. EUR/USD has now fallen to a low […]

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Senate Passes Stimulus Bill, China Slumps, Attack on Saudi – What’s up in Markets

© Reuters. By Geoffrey Smith  Investing.com — The U.S.’s $ 1.9 trillion stimulus package is set to be formally approved this week after the Senate passed it with minimal amendments on Saturday. Bond yields are on the rise again as a result, and stocks are set to open lower. China’s tech wreck continues as the […]

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Dollar Slumps to Multi-Year Lows; Stimulus Looms, Fed Dovish

© Reuters. By Peter Nurse Investing.com – The dollar slumped to multi-year lows in early European trade Thursday, as growing confidence of both a new U.S. stimulus package and a Brexit deal boosted risk appetite at the expense of the world’s safe haven.  At 3:55 AM ET (0755 GMT), the Dollar Index, which tracks the […]

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Cable slumps to six-day low amid dollar turnaround as pound woes continue

The pound continues to struggle for momentum as buyers fail to breach the 1.30 level in trading last week For bank trade ideas, check out eFX Plus After the slide to start the month, cable got some reprieve last week on a push towards 1.3000 but the key level held and shifted the focus to […]

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Oil Slumps 3% on Fears of There Will Be U.S. “Lockdown 2”

© Reuters. By Barani Krishnan Investing.com – Oil prices slumped as much as 3% on Thursday, the most in over two weeks, as the continued surge in new U.S. coronavirus cases sparked fears that the world’s largest economy might be forced into round of wide-scale lockdowns. “In the U.S., economic activity will require a successful […]

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Rupiah Slumps Ahead of Hearing on Indonesia’s Debt Monetization

(Bloomberg) — Indonesia’s sank by the most in two months ahead of a parliamentary hearing on the nation’s debt monetization plan, prompting intervention by the central bank. The currency dropped as much as 1.5%, its biggest decline since May 4. Even after the intervention, it was 1.3% lower at 14,570 per dollar at 2:05 p.m. […]

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