FX MARKET REPORT 13.10.2020

FX MARKET REPORT 13.10.2020

FX MARKET REPORT 13.10.2020

Daily Commentary
Daily Commentary
FX MARKET REPORT 13.10.2020
/
FX MARKET REPORT 13.10.2020

GBP/USD recorded fresh 5-week highs around 1.3080 at the beginning of the week on the back of renewed optimism surrounding the UK-EU Brexit negotiation. EUR/USD remains pressured around 1.1800 as market sentiment remains tilted to the risk-off mood on Tuesday. Dollar Index was up 0.1% at 93.227, regaining a little ground after falling Friday to a three-week low of 92.997. USD/JPY was up 0.1% at 105.37. European shares hovered at five-week highs on Tuesday following a three-day rally that was sparked by hopes of more U.S. stimulus, while Airbus slipped after JPMorgan (NYSE:JPM) downgraded its rating on the stock. The pan-European STOXX 600 (STOXX) was flat, with gains for utilities (SX6P), real estate (SX86P) and telecoms (SXKP) stocks offset by declines in the travel and leisure (SXTP) and autos (SXAP) sectors. 

GBP/USD recorded fresh 5-week highs around 1.3080 at the beginning of the week on the back of renewed optimism surrounding the UK-EU Brexit negotiation. EUR/USD remains pressured around 1.1800 as market sentiment remains tilted to the risk-off mood on Tuesday. Dollar Index was up 0.1% at 93.227, regaining a little ground after falling Friday to…

Leave a Reply

Your email address will not be published.