FX MARKET REPORT 26.08.2020

FX MARKET REPORT 26.08.2020

FX MARKET REPORT 26.08.2020

Daily Commentary
Daily Commentary
FX MARKET REPORT 26.08.2020
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FX MARKET REPORT 26.08.2020

An upside break of 1.3200 for GBP/USD will challenge the monthly high,  also the yearly top, near 1.3270 and December 31, 2020 peak surrounding  1.3285. The buying interest around the single currency is weakening on Wednesday  and dragging EUR/USD lower. The pair is currently trading at 1.1818,  representing a 0.125 decline on the day, having clocked a high of 1.1844  on Tuesday. The dollar nursed losses against most currencies on Wednesday as traders  braced for U.S. data expected to show a slowdown in durable goods  orders and a key speech by Federal Reserve Chairman Jerome Powell.

An upside break of 1.3200 for GBP/USD will challenge the monthly high,  also the yearly top, near 1.3270 and December 31, 2020 peak surrounding  1.3285. The buying interest around the single currency is weakening on Wednesday  and dragging EUR/USD lower. The pair is currently trading at 1.1818,  representing a 0.125 decline on the day, having…

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