The US dollar has been trading sideways during the last sessions, trapped within a 50-pips range, supported above 0.9700 yet unable to extend past 0.9
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EU official: No agreement yet between EU countries on proportion of grants vs loans
There is no agreement yet between EU countries on proportion of grants vs loans in new coronavirus economic recovery fund, a senior EU official said o
Oil: Brent crude oil prices remain anchored near $30/bbl – Rabobank
According to analysts from Rabobank, the record build-up in inventory will need to be financed in the interim which should weigh heavily on the oil fo
NZD/USD steadies near 0.5930, looks to post lowest weekly close since late March
After staying relatively quiet near 0.6000 during the Asian trading hours, the NZD/USD pair came under strong bearish pressure and fell to a three wee
NY Fed: Treasury purchases next week will be lowered to $30 billion
The Federal Reserve Bank of New York announced on Friday that it will purchase approximately $6 billion in Treasury securities every day next week. Wi
USD rebound set to continue in the near-term – MUFG
Analysts at MUFG Bank, continue to see scope for the US dollar to extend its advance in the near-term, especially if conditions remain more challengin
EUR/GBP consolidates at multi-week highs above 0.8900
The EUR/GBP is on track to close its best week in two months rallying nearly 2.5% with the pound hit by fears of the COVID-19 consequences and Brexit
US: No V-shaped recovery for industrial production – Wells Fargo
Data released on Friday showed industrial output in the US tumbled 11.2% in April. In records that go back over a century, never before has industrial
IMF's Georgieva: Recovery in 2021 will be partial in best-case scenario
Even in the best-case scenario, the global economic recovery in 2021 will be partial, International Monetary Fund (IMF) Managing Director Kristalina G
AUD/NZD Price Analysis: Breaking 1.0800, looking at 2019 tops
The rally of the AUD/NZD pair broke above 1.0800 and rose to 1.0819. As long as it maintains 1.0800, a test of 2019 tops at 1.0850/80 is on the cards.