FX MARKET REPORT 29.01.2021

FX MARKET REPORT 29.01.2021

FX MARKET REPORT 29.01.2021

Daily Commentary
Daily Commentary
FX MARKET REPORT 29.01.2021
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FX MARKET REPORT 29.01.2021

GBP/USD meets fresh supply as US dollar recovers further ground, knock-off  further towards the 1.3650 level. European vaccine row and Wall Street meme frenzy spook investors. EUR/USD showed a little reaction to the encouraging German growth numbers, as the sentiment remains tepid amid the recent Wall Street frenzy. The major was last seen trading at 1.2117, modestly flat on the day. Focus shifts to the US macro news and sentiment around US stocks. The dollar pushed higher in early European trading Friday, with the safe haven in demand as risk sentiment takes a hit on the back of turmoil in equity markets. The dollar index was up 0.3% at 90.690, adding on to Wednesday’s 0.6% gain.  USD/JPY rose 0.3% at 104.50, while the risk-sensitive AUD/USD dropped 0.3% at 0.7656.

GBP/USD meets fresh supply as US dollar recovers further ground, knock-off  further towards the 1.3650 level. European vaccine row and Wall Street meme frenzy spook investors. EUR/USD showed a little reaction to the encouraging German growth numbers, as the sentiment remains tepid amid the recent Wall Street frenzy. The major was last seen trading at…

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