FX MARKET REPORT 05.02.2021

FX MARKET REPORT 05.02.2021

FX MARKET REPORT 05.02.2021

Daily Commentary
Daily Commentary
FX MARKET REPORT 05.02.2021
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FX MARKET REPORT 05.02.2021

The GBP/USD pair, which was last seen trading around the 1.3700 mark amid a modest USD pullback, whose upside is likely to remain capped as investors are likely to refrain from placing any aggressive bets heading into the key data risk, due later during the early North American session on Friday. The downtrend in EUR/USD appears to have met some decent contention in the 1.1950 region so far this week. EUR/USD seems to have met decent contention in the 1.1950 region so far this week, or new 2021 lows. Solid results from US fundamentals plus the successful vaccine rollout in the US (when compared with Europe) and higher US yields have been sustaining the moderate upside bias in the dollar, lifting DXY to new yearly highs well above 91.00 the figure. USD/JPY fell 0.1% at 105.51, while AUD/USD rose 0.1% at 0.7601.

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The GBP/USD pair, which was last seen trading around the 1.3700 mark amid a modest USD pullback, whose upside is likely to remain capped as investors are likely to refrain from placing any aggressive bets heading into the key data risk, due later during the early North American session on Friday. The downtrend in EUR/USD…

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