FX MARKET REPORT 22.10.2020

FX MARKET REPORT 22.10.2020

FX MARKET REPORT 22.10.2020

Daily Commentary
Daily Commentary
FX MARKET REPORT 22.10.2020
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FX MARKET REPORT 22.10.2020

GBP/USD consolidates the previous day’s heavy gains while declining to 1.3127, down 0.18% intraday, during the pre-London open trading on Thursday. The pair seems to follow the broad trend established by the US dollar pullback.  EUR/USD corrects lower and hovers around 1.1840. The pair may firm within its 1.15-1.20 range as risk sentiment improves and the European Central Bank (ECB) is likely to keep policy unchanged. Rising COVID-19 cases and restrictions should cap EUR gains, economists at Westpac inform.  The dollar edged higher in early European trade Thursday, as traders warily studied the ongoing negotiations in Washington over a potential new U.S. stimulus package. The Dollar Index was up 0.1% at 92.713, rebounding a touch after falling to its lowest level since Sept. 2 overnight. USD/JPY was up 0.1% at 104.64.

GBP/USD consolidates the previous day’s heavy gains while declining to 1.3127, down 0.18% intraday, during the pre-London open trading on Thursday. The pair seems to follow the broad trend established by the US dollar pullback.  EUR/USD corrects lower and hovers around 1.1840. The pair may firm within its 1.15-1.20 range as risk sentiment improves and…

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