FX MARKET REPORT 28.08.2020

FX MARKET REPORT 28.08.2020

FX MARKET REPORT 28.08.2020

Daily Commentary
Daily Commentary
FX MARKET REPORT 28.08.2020
/
FX MARKET REPORT 28.08.2020

GBP/USD defies the previous day’s pullback from yearly high of 1.3284, stays bid near intraday top. Brexit woes, surge in virus cases at home mostly ignored as US dollar trims Thursday’s gains. BOE’s Bailey to be the second key central banker at Jackson Hole after Fed’s Powell played well. EUR/USD is still expected to navigate within the 1.1740-1.1930 range for the time being. Dollar Index, which tracks the greenback against a basket of six other currencies, was down 0.4% at 92.653.

This episode is sponsored by
· Anchor: The easiest way to make a podcast. https://anchor.fm/app

GBP/USD defies the previous day’s pullback from yearly high of 1.3284, stays bid near intraday top. Brexit woes, surge in virus cases at home mostly ignored as US dollar trims Thursday’s gains. BOE’s Bailey to be the second key central banker at Jackson Hole after Fed’s Powell played well. EUR/USD is still expected to navigate…

Leave a Reply

Your email address will not be published. Required fields are marked *