USD/CNH week 48

The Chinese Yuan was little moved at 6.57744 against the US Dollar on Tuesday after the onshore rate was set at 6.5809. Investors remained mute as the US General Services Administration said President-elect Joe Biden as the “apparent winner” of the November election, giving him the green light to coordinate with federal agencies ahead of…

GBP/USD week 48

The British pound traded slightly higher at $1.337 on Tuesday, having touched a two-week high of $1.3398 in the previous session, lifted by post-Brexit trade deal optimism, positive news about a coronavirus vaccine and the end of the one-month full lockdown in England. AstraZeneca and Oxford University announced that their experimental vaccine could be 90%…

EUR/JPY week 47

The Japanese Yen fell 0.073 points or 0.07% to 103.869 against the US Dollar on Thursday. Investors retreated from the Yen after Japan’s coronavirus cases rose sharply Wednesday, logging a daily record of 2,203, with Tokyo also reporting a fresh record high in what experts say could be the third wave of the pandemic in…

EUR/GBP week 47

The EUR/GBP cross maintained its bid tone through the early European session and climbed further beyond mid-0.8900s or fresh daily tops in the last hour. The cross managed to attract some dip-buying on Thursday and for now, seems to have stalled its recent rejection slide from the key 0.9000 psychological mark. The uptick assisted the…