FX MARKET REPORT 17.12.2020

FX MARKET REPORT 17.12.2020

FX MARKET REPORT 17.12.2020

Daily Commentary
Daily Commentary
FX MARKET REPORT 17.12.2020
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FX MARKET REPORT 17.12.2020

UK Interior Minister Priti Patel, a staunch supporter of Brexit, has said that the talks are in a tunnel and parliament may be reconvened if talks conclude with a deal. The senior minister added that the government is ready for a no-deal outcome. The EU term “tunnel” means intense negotiations. GBP/USD has extended its gains above 1.3580, extending its gains and hitting the highest since 2018. The dollar slumped to multi-year lows in early European trade Thursday, as growing confidence of both a new U.S. stimulus package and a Brexit deal boosted risk appetite at the expense of the world’s safe haven. The dollar index, was down 0.5% at 89.877, falling to levels last seen in March 2018. USD/JPY fell 0.3% to 103.22, EUR/USD rose 0.3% to 1.2230, trading at levels not seen since March 2018, while the risk-sensitive AUD/USD was up 0.5% at 0.7614, again at levels last seen in March 2018.

UK Interior Minister Priti Patel, a staunch supporter of Brexit, has said that the talks are in a tunnel and parliament may be reconvened if talks conclude with a deal. The senior minister added that the government is ready for a no-deal outcome. The EU term “tunnel” means intense negotiations. GBP/USD has extended its gains…

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