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AUD/USD: Bounce from 0.66 Stalls

The Australian dollar was lower against the US dollar on Tuesday afternoon, erasing an earlier bounce to take the currency back toward decade troughs as coronavirus fears resurfaced within a few minutes of trading on Wall Street. AUD/USD was lower by 3 pips (-0.28%) to 0.6598 with a daily price range of 0.659 to 0.662 […]

GBP/AUD: Sterling an Idiosyncratic Haven from COVID-19

The British pound was higher against the Australian dollar on Tuesday with Sterling the top rising G10 currency. Sterling’s recent trading performance has shown an idiosyncratic independence from the coronavirus outbreak that has beset other currencies. GBP/AUD was up by 108 pips (+0.55%) to 1.9683 with a daily price range of 1.952 to 1.971 as […]

GBP/USD: Pound Recovers as EU Releases Mandate for Trade Talks

The British pound is up against the US dollar on Tuesday as the greenback pared recent gains as a haven and Sterling rose as the EU released its mandate for UK trade talks. GBP/USD was higher by 67 pips (+0.51%) at 1.2986 with a daily price range of 1.292 to 1.299 as of 2pm GMT. […]

GBP/EUR: Euro down with COVID-19 cases in Europe rising

The British pound is up against the euro on Tuesday afternoon after data showed German GDP rose in line with previous estimates in the fourth quarter and the European Union published its mandate for the upcoming trade talks with the UK. GBP/EUR was higher by 56 pips (+0.47%) at 1.1957 with a daily price range […]

GBP/CAD Jumps 0.50% as EU Ministers Approve Trade Talks Mandate

GBP/CAD accelerates the rally that started on February 20. Currently, the pair is trading at 1.7262, up 0.50% as of 9:18 AM UTC. While CAD is affected by declining oil prices amid the coronavirus epidemic, the pound started to surge on hopes that Britain would reach some consensus with European leaders on an eventual trade […]

USD/INR: Rupee Gains on “Tremendous Progress” to US-India Trade Deal

The US dollar is down against the Indian rupee on Tuesday, the second day of US President Trump’s 36-hour visit to India. USD/INR was lower by 20 pips (-0.29%) to 71.84 with a daily range of 71.77 to 71.92 as of 10am GMT. USD/INR erased its daily gains late on Monday and has been little […]

USD/PKR: Pakistani Rupee Pares Gains Despite Upbeat Commentary

The Pakistani Rupee slipped marginally in early trade on Tuesday after closing Monday’s session 01 paisa lower at 154.21. The US dollar Pakistani Rupee exchange rate is trading 3 paisa higher at 154.24 at 10:00 GMT. Encouraging Commentary Surrounding Pakistan Economy The Pakistani rupee has been under pinned by encouraging commentary from the State Bank […]

USD/CAD:  Loonie Flat as Global Markets Take a Breath

The US dollar is flat against the Canadian dollar on Tuesday morning as global traders take a breath after a tumultuous trading day on Monday that saw the Dow Jones Industrial average crash 1000 points in the worst daily drop on Wall Street in two years. USD/CAD was lower by 6 pips (-0.0.03%) to 1.3288 […]

USD/HUF: Hungarian Forint Advances Ahead of NBH Rate Decision

After declining versus the US dollar in the previous session the Hungarian forint is on the rise. The US dollar forint exchange rate is moving further away from the all-time high reached last week. The pair is trading down -0.55% at 310.10 as of 09:15 GMT as investors await the National Bank of Hungary’s interest […]

EUR/USD: Euro Holds Gains As German Economy Stagnates

The euro continued to rebound in early trade on Tuesday, after picking up from a low of US$1.0806 on Monday. The euro US dollar exchange rate managed to close the session on Monday 0.1% higher. EUR/USD is up 0.1% at US$1.0865 at 08:45 GMT. This is mainly a dollar weakness story as investors start to […]