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Strength of Swiss Franc Signals About Worsening Sentiment

Markets started Thursday’s trading session in a positive mood. The Swiss franc, being considered a safer currency, was soft as a result of that. But currently, the Swissie has managed to gain against almost all of its most-traded peers. It also erased losses versus the Australian dollar, which had been the strongest currency on the Forex market during the early Thursday trading.

Australian Dollar Strong After Fitch Maintains Credit Rating

The Australian dollar was among the strongest currencies on the Forex market today, rising against all other most-traded currencies except for the New Zealand dollar. That said, the Aussie has lost its gains versus the euro at the time of writing and has been retreating from day’s highs against several others.

Swiss Franc Mixed After Positive Revision of Economic Forecasts

The Swiss franc was mixed today following the release of an updated economic forecast from Switzerland’s government.

Progress in COVID-19 Vaccine Development Drives Yen Higher vs. Safe Peers, BoJ Stands Pat

The Japanese yen traded flat or little lower versus the majority of other most-traded currencies today but gained on other safe currencies, like the US dollar and the Swiss franc. The main event in Japan today was the monetary policy announcement from the Bank of Japan.

Australian Dollar Remains Strong After Economic Forecast

The Australian dollar remained firm today, being one of the strongest currencies on the Forex market, second only to the New Zealand dollar. The Australian central bank released its economic projections on Friday. While they were pessimistic in the short term, over the longer term the projections were fairly positive.

Euro Among Weakest After Dire Macroeconomic Data

The euro was among the weakest currencies on the Forex market today after the release of a bunch of extremely poor macroeconomic reports and a very pessimistic economic forecast. While the currency has trimmed its losses by now, it is still trading lower against the vast majority of the most-traded currencies. The one exception was the Great Britain pound, which was even weaker than the euro.

Euro Falls to Three-Year Low vs. Franc on Coronavirus Fears, Economic Data

The euro was weak today, falling for the sixth consecutive day to the lowest level in three years against the Swiss franc. Risk aversion caused by an unexpected surge of infected people in China was weighing on the shared 19-nation currency, while eurozone macroeconomic data was not helping as well.

Great Britain Pound Attempts to Recover After Starting Session Weak

The Great Britain pound is currently attempting to recover after starting trading very weak. The sterling was soft due to the downgrade of economic forecasts and persisting concerns about probability of a “hard” Brexit.

Euro Drops on Weak Chinese Data Despite Strong Eurozone PMIs

The euro today extended yesterday’s decline in the Asian session against a much stronger US dollar before rallying slightly in the early European session. However, the rally was not sustained as the pressure of weak Chinese growth forecasts weighed on the markets risk sentiment; the EUR/USD pair slid to new lows in the American session.

US Dollar Ends Week Strongest amid Slowing Global Growth

The US dollar ended the week as the strongest currency on the Forex market even though fundamentals were not particularly supportive to the currency. It is just things in other parts of the world were even worse, with many countries forecasting slowing economic growth. Commodity currencies were leading the decline due to risk aversion caused by the economic slowdown.

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