AUD/USD is only down about 30 pips from this time last week but that leaves it weakest in the G10. Economists at Westpac see plenty of risk of further equity turbulence on US political headlines, with extra weight from Reserve Bank of Australia’s firmly dovish tone. The aussie risks a fall below 0.7050 but the 0.7000 level should hold.
The GBP/JPY cross traded with a positive bias through the early European session and was last seen hovering near the top end of its weekly range, just below mid-137.00s.
Open interest in gold futures markets went down by around 5.8K contracts on Wednesday following two consecutive daily pullbacks according to preliminary figures from CME Group. Volume, instead prolonged the choppy activity and rose by around 39.8K contracts.
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Belize – Major global stock markets saw a recuperation yesterday but The U.S. Dollar is more fragile, in line with the long long-term bearish trend established following June’s “death cross” in the USD Index.
In light of the recent price action, Cable could recede to the mid-1.2600s region in the next weeks.
GBP/USD takes the bids near 1.2955, up 0.33% intraday, while heading into the London open on Monday.
Belize – The US Dollar has experienced a scorching season of late. The currency has shown shortcoming that has not been seen for a long time.
Belize – Touching new multi-month highs versus the EUR and material-connected currencies, the US Dollar experienced a sell-off once again.
Aug 7, 2020 – Belize – Friday started on a profitable note for the dollar during the early hours. However, the dollar started taking a fall and by the US trading hours, it was back on the losing track.
