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.
Another Drop for the Buck
The US Index lost further momentum on Wednesday as it ended the session 0.10% down.
More ground was given up as the greenback now trades precariously towards the 92 region.
Sentiment shifted on positive vaccination headlines and rising infection cases. This comes as Pfizer announced that its final analysis shows their vaccine is now 95% effective.
As the US records 250K coronavirus related deaths, President Trump still claims his administration will not enter a full lockdown. This comes as his campaign seeks a partial recount in the state of Wisconsin.
Sterling Rallies, but for How Long?
The pound continued its 4-day rally on Wednesday, closing 0.20% higher towards 1.33.
Brexit negotiations continue to dominate, as talks between Britain and the EU over a trade deal are going down to the wire.
EU leaders are due to meet in Brussels by video link today, and there are concerns in London that trade talks could be shelved as the bloc deals with internal disputes ov...
To keep reading this article, please navigate to: Orbex Forex Trading Blog.