FX MARKET REPORT 03.09.2020

FX MARKET REPORT 03.09.2020

FX MARKET REPORT 03.09.2020

Daily Commentary
FX MARKET REPORT 03.09.2020
/
FX MARKET REPORT 03.09.2020

GBP/USD drops to 1.3328, down 0.17% on a day, while heading into the London open on Thursday. In doing so, the Cable extends the previous day’s losses, piled mainly due to the downside comments from the BOE members, Brexit pessimism and the broad US dollar recovery.  EUR/USD is down for the third consecutive session on Thursday, coming under renewed and strong selling pressure in response to the pick-up in the demand for the greenback and profit taking in the riskier assets. Dollar Index, which tracks the greenback against a basket of six other currencies, was up 0.2% at 93.058, moving around 1% above the 28-month low it hit against a basket of currencies on Tuesday, and threatening its first back-to-back daily gains since June.

GBP/USD drops to 1.3328, down 0.17% on a day, while heading into the London open on Thursday. In doing so, the Cable extends the previous day’s losses, piled mainly due to the downside comments from the BOE members, Brexit pessimism and the broad US dollar recovery.  EUR/USD is down for the third consecutive session on…

Leave a Reply

Your email address will not be published.