Dollar Marks 6-wk Highs, Traders Seek Safe-haven

Dollar Marks 6-wk Highs, Traders Seek Safe-haven

#Dollar #virus #riskoff $USD $DXY $EUR $AUD $NZD USD rose Tuesday to 6-wk highs, extending gains from the Monday’s session, as markets turned risk-averse over a surge of virus cases and new lockdown measures in UK and Europe. Although European equities opened higher Tuesday, USD continued its ascent and riskier currencies fell, as new lockdown […]

New Zealand Dollar: USD/NZD (NZD=X) turning lower after rally into 61.8% resistance

New Zealand Dollar: USD/NZD (NZD=X) turning lower after rally into 61.8% resistance

New Zealand Dollar: USD/NZD (NZD=X) turning lower after rally into 61.8% resistance NZD/USDĀ managed to rally sharply on Friday, bringing the pair into the wider retracement of the sell-off from $0.6607. Watch for a potential bearish reversal from here, with a rally above $0.6607 required to negate the wider bearish outlook for the pair. Overall, the […]

Emerging Market Rout Approaching Bottom

Emerging Market Rout Approaching Bottom

Emerging Market Rout Approaching Bottom $USD, $AUD, $NZD Franklin Templeton Investments says the rout in emerging markets may be nearing a bottom, but says that there are still countries like the Philippines that will suffer. Given the uncertainty, the money manager is keeping a net neutral USD position, while making trades including shorting the Philippine […]