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Indian Rupee (INR) resilient even as risk off dominates as global covid cases rise Sensex drops 800 points US Dollar (USD) trades broadly higher versus major peers on safe haven flows Fed speakers will move into focus amid quiet economic calendar The US Dollar Indian Rupee (USD/INR) exchange rate is trading flat at the start […]

by Fiona Cincotta - Mon, 21 Sep 2020 12:07:08

USD/PKR: Rupee Looks To SBP

The US Dollar Pakistan Rupee (USD/PKR) exchange rate trades higher on Monday, after experiencing losses across the previous week. The pair trades +0.6% at 166.25. The State Bank of Pakistan is due to make its monetary policy announcement today. The central bank is not expected to adjust the main interest rate which it cut by […]

by Fiona Cincotta - Mon, 21 Sep 2020 10:37:53

USD/PKR: Rupee Drops Ahead of SBP Rate Announcement

Pakistani Rupee (PKR) trades under pressure with SBP rate announcement in focus Central Bank is not expected to adjust rates which are at 7% US Dollar (USD) advances on safe haven flows Rising covid cases, particularly in Europe, are hitting risk sentiment The US Dollar Pakistani Rupee (USD/PKR) exchange rate is trending higher on Monday, […]

by Fiona Cincotta - Mon, 21 Sep 2020 10:30:05

EUR/USD Eyes Fed Officials’ Comments This Week

EUR/USD stays inside a familiar range without a strong directional move. Eurozone PMIs and Fed officials will attract attention this week. The EUR/USD on Friday traded in an earlier established range around mid-1.1800s. Worries over the second wave of coronavirus infections and lessened chances of a V-shaped recovery worried the pair traders. Such a mood […]

by Stelian Olar - Mon, 21 Sep 2020 10:21:28

GBP/AUD: Pound Drops As Covid Fears Grow

The Pound Australian Dollar (GBP/AUD) exchange rate is plunging lower on Monday, giving up gains from the previous week. The pair trades -0.3% at 1.7646. Fears of tighter lockdown restrictions across the UK, and particularly in London are dragging on demand for the Pound. The UK’s top medical advisor is due to give a televised […]

by Fiona Cincotta - Mon, 21 Sep 2020 09:47:59

GBP/AUD: Pound Sells Off As UK Faces Tighter Covid Restrictions

Pound (GBP) is tanking across the board on rising covid fears London could be on the brink of a second lockdown Australian Dollar has remained well supported owing to robust export demand & fiscal support RBA Deputy Governor Guy Debelle to speak tomorrow The Pound Australian Dollar (GBP/AUD) exchange rate is plunging lower on Monday, […]

by Fiona Cincotta - Mon, 21 Sep 2020 09:18:50

EUR/USD: Covid Woes Pull Euro From Session High

The Euro US Dollar (EUR/USD) exchange rate has fallen away from session highs but is managing to hold the flatline. The pair trades flat at US$1.1838. The Euro is under pressure as rising coronavirus numbers are sparking fears of widespread tighter lockdown restrictions hampering the economic recovery. The ECB starts a review of its pandemic […]

by Fiona Cincotta - Mon, 21 Sep 2020 08:49:40

EUR/USD: Euro Pares Gains As Risk Aversion Rises

Euro (EUR) slips back from earlier highs on fears over a second coronavirus wave ECB starts a review on PEPP US Dollar (USD) rebounds from session lows on safe haven flows No high impacting data is due The Euro US Dollar (EUR/USD) exchange rate is falling lower on Monday, erasing earlier gains as risk aversion […]

by Fiona Cincotta - Mon, 21 Sep 2020 08:09:41

EUR/GBP Bears Lose Early Monday Initiative

EUR/GBP snaps a two-day winning run earlier in the day but recovers later. The pair pulls back from 0.9154 resistance level. MACD indicator stays bullish, not helping sellers much. 21-day EMA acts as resistance. Bears in EUR/GBP couldn’t sustain the morning edge, and the pair was trading around 0.9160 ahead of the European trading today. […]

by Stelian Olar - Mon, 21 Sep 2020 07:31:50

GBP/USD: Pound Targets $1.30

The Pound US Dollar (GBP/USD) is managing to advance at the start of the new week, extending gains from last week despite a challenging climate. GBP/USD traders +0.3% at US$1.2958. A recent jump in coronavirus cases has seen large parts of the UK experience tighter lockdown restrictions. London could be next. Meanwhile the Chancellor will […]

by Fiona Cincotta - Mon, 21 Sep 2020 07:30:03

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Latest Currency News

USD/INR: Rupee Holds Steady Despite Rising Risk Aversion

USD/PKR: Rupee Looks To SBP

USD/PKR: Rupee Drops Ahead of SBP Rate Announcement

EUR/USD Eyes Fed Officials’ Comments This Week

GBP/AUD: Pound Drops As Covid Fears Grow

GBP/AUD: Pound Sells Off As UK Faces Tighter Covid Restrictions

EUR/USD: Covid Woes Pull Euro From Session High

EUR/USD: Euro Pares Gains As Risk Aversion Rises

EUR/GBP Bears Lose Early Monday Initiative

GBP/USD: Pound Targets $1.30