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The US Dollar stabilized versus the Singapore Dollar, Indonesian Rupiah and Malaysian Ringgit as central banks spent foreign exchange reserves amid the virus. Why is this important?

The Australian and New Zealand Dollars fell while the Japanese Yen rose as a new week started with corporate earnings in worried focus and coronavirus still dominating the news cycle.

The Japanese Yen may rise if the IMF’s report on the virus-hit global economy sours risk appetite, and the precarious state of credit markets could amplify JPY’s gains.

<p>Key Highlights EUR/USD started an upside correction from the 1.0768 monthly low. The pair climbed above 1.0850, but it is facing hurdles near 1.1000. A key bullish trend line is forming with support near 1.0860 on the 4-hours chart. The US Consumer Price Index declined 0.4% in March 2020 (MoM). EUR/USD Technical Analysis After a […]

<p>The weekend’s major news was that after four days of haggling amongst the OPEC+ grouping and Mexico, and some arm twisting by the US President, an underwhelming 9.7-million-barrel production cut was agreed on Sunday. Elsewhere COVID-19 continues to rampage across the United States, although pleasingly, Spain and Italy’s infection and death

<p>First, a review of last week’s events: EUR/USD. The Old and the New Worlds continue to compete to see who will pour more money into their economies. But what is the old Europe compared to the United States! On Thursday, April 10, after many days of discussion, the EU Finance Ministers narrowly reached a compromise, […]

The rebound in AUD/USD is seen facing a tough hurdle in the 0.6430 area, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “AUD rose sha

Open interest in GBP futures markets increased by just 846 contracts on Thursday following four consecutive pullbacks, according to flash data from CM

Cable could be headed towards the 1.2550 region in the next weeks, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “The quiet consolidatio

During Monday’s Asian session, Reuters came out with the news that China reported the highest number of new daily coronavirus cases in nearly six week