FX MARKET REPORT 08.12.2020

FX MARKET REPORT 08.12.2020

FX MARKET REPORT 08.12.2020

Daily Commentary
Daily Commentary
FX MARKET REPORT 08.12.2020
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FX MARKET REPORT 08.12.2020

A modest pickup in the USD demand prompted some fresh selling around GBP/USD on Tuesday. Concerns about the ever-increasing COVID-19 cases drove haven flows towards the greenback. Investors might refrain from placing aggressive bets, rather prefer to wait for fresh Brexit updates. Euro area GDP grew at a strong pace in third quarter. EUR/USD pair trades with modest gains above 1.2100. The dollar index was up 0.1% at 90.907, only slightly above the 2 1/2-year low of 90.471 on Friday. The risk-sensitive AUD/USD was down 0.2% at 0.7409.

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A modest pickup in the USD demand prompted some fresh selling around GBP/USD on Tuesday. Concerns about the ever-increasing COVID-19 cases drove haven flows towards the greenback. Investors might refrain from placing aggressive bets, rather prefer to wait for fresh Brexit updates. Euro area GDP grew at a strong pace in third quarter. EUR/USD pair…

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