FX MARKET REPORT 06.10.2020

FX MARKET REPORT 06.10.2020

FX MARKET REPORT 06.10.2020

Daily Commentary
Daily Commentary
FX MARKET REPORT 06.10.2020
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FX MARKET REPORT 06.10.2020

GBP/USD trades modestly flat around 1.2985, stuck in a range around 1.2980-1.3000. EUR/USD now looks to 1.1830. Dollar Index was down 0.1% at 93.500, while USD/JPY fell 0.1% to 105.69. Helping the ‘risk-on’ mood was renewed confidence that U.S. lawmakers may be close to a compromise over a new coronavirus relief package after House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin spoke by phone for about an hour Monday.

GBP/USD trades modestly flat around 1.2985, stuck in a range around 1.2980-1.3000. EUR/USD now looks to 1.1830. Dollar Index was down 0.1% at 93.500, while USD/JPY fell 0.1% to 105.69. Helping the ‘risk-on’ mood was renewed confidence that U.S. lawmakers may be close to a compromise over a new coronavirus relief package after House Speaker…

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