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The Lira tumbled to new lows on Friday as the Dollar sought a fifth consecutive advance, although the outlook is murky with forecasts from ABN Amro suggesting a 2021 unravelling of the greenback could throw the Turkish currency a lifeline, while others still look for an International Monetary Fund (IMF) intervention.
October 30,2020
The Pound-Dollar exchange rate is nursing a weekly loss of 0.78% having fallen below the 1.30 level to trade at 1.2935 ahead of the weekend, a move that is almost exclusively attributed to a broad rally in the U.S. Dollar.
October 30,2020
A tranche of polls have been released over the past 24 hours that have confirmed a stable lead for Joe Biden with just days go before polling stations across the United States open.
October 30,2020
The U.S. Dollar, Yen, Franc and other 'safe haven' assets found demand in mid-week trade as a risk aversion swept through the global investor community, with a rapidly spiralling covid-19 infection rate in the northern hemisphere as well as nerves ahead of next week's vote being cited as the cause.
October 28,2020
It is an unwillingness by investors to fully buy into what the polls are saying - that Biden will comfortably win the vote - which will likely keep stock markets churning between gains and losses and the Dollar bid.
October 27,2020
The Dollar is looking firmer against the Euro and a host of other currencies at the start of a week characterised by falling equity markets and commodity prices, testament to the U.S. currency's pervasive 'safe haven' characteristics that are being tipped to remain in demand in the short-term.
October 26,2020
The Pound-to-Dollar exchange rate unravelled in the final moments of last week but could resist gravity over the coming day given nearby technical support levels, a bullish setup on the charts and seemingly improved odds of a Brexit trade deal, although the Dollar outlook itself is a bit of a wild card.
October 26,2020
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