This article was first published on Orbex Forex Trading Blog.
- -
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
- -

Risk Assets

USD Still Supported

The US dollar pushed higher at the European open on Tuesday though has since seen some selling kicking in to take the index back down to 99.11 last. USD remains broadly supported on the back of recent data strength. Traders await the FOMC meeting minutes this week ahead of manufacturing data on Friday, which is likely to be the more market-moving of the two releases.

Test your strategy on how the USD will fare with Orbex - Open Your Account Now. 

EUR Looks Weak

EURUSD continues to languish at the bottom of the recent sell-off. Price has been on a steady downward trajectory over recent weeks as concerns around the coronavirus impact, Brexit trade uncertainty and dovish comments from the ECB have all combined to weigh on sentiment. EURUSD trades 1.0827 last.

GBP Holds Around 1.33

GBPUSD made an initial move lower on the session, weighed on by the rally in USD. However, with the dollar having retraced some, GBPUSD has been able to recover. UK CPI tomorrow will be the f...

To keep reading this article, please navigate to: Orbex Forex Trading Blog.

Tagged on: