FX MARKET REPORT 13.08.2020

FX MARKET REPORT 13.08.2020

FX MARKET REPORT 13.08.2020

Daily Commentary
FX MARKET REPORT 13.08.2020
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FX MARKET REPORT 13.08.2020

GBP/USD snaps two-day losing streak, capped around 1.3075 off-late.  GBP/USD faces strong resistance at 1.3115. Germany’s new cases continue  to rise by over 1000. Germany’s Health Minister Jens Spahn: we are  worried about the rise in the coronavirus cases but are confident about  the health system. EUR/USD is off the highs but trades well bid above  1.1800 amid a broadly weaker US dollar and negative Treasury  yields.Dollar Index was down 0.3% at 93.157. USD/JPY was down 0.2% at  106.72.

GBP/USD snaps two-day losing streak, capped around 1.3075 off-late.  GBP/USD faces strong resistance at 1.3115. Germany’s new cases continue  to rise by over 1000. Germany’s Health Minister Jens Spahn: we are  worried about the rise in the coronavirus cases but are confident about  the health system. EUR/USD is off the highs but trades well bid…

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