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Sterling Pound Rallies on Upbeat Risk Appetite, Falls on Brexit Fears

The Sterling pound today rallied higher against the US dollar driven by market optimism about progress in the development of a vaccine for the coronavirus. The GBP/USD currency pair’s rally did not last as it headed lower in the mid-London session amid market fears of a hard Brexit and a recovery by the US dollar.

Pound Swings From Losses to Gains on Shifting Market Sentiment

The Sterling pound today headed lower at the start of the session, driven by the risk-off market sentiment from yesterday as investors reacted to escalating US-China tensions. The GBP/USD currency pair later recovered and rallied higher primarily driven by the greenback’s oscillating between gains and losses as it ignored upbeat UK jobs data.

Euro Falls as Money Flows Into Dollar Amid Mixed Euro Area Macro Data

The euro today fell against the US dollar as investors moved money from currencies to other assets such as stocks given that most European equities closed higher. The EUR/USD currency pair today fell as investors moved capital into the safe-haven dollar causing it to rally against most other currencies as investors reacted to the Fed’s latest moves.

Euro Rallies Higher Against Weak Dollar As Europe Slowly Reopens

The euro today rallied higher against the much weaker US dollar boosted by positive investor sentiment as US indices posted gains triggering a selloff of the greenback. The EUR/USD currency pair today fell earlier in the session as the dollar traded in positive territory, but this changed later as investor risk appetite grew.

Canadian Dollar Falls on US Equities Rally, Later Rises With Oil Prices

The Canadian dollar today lost ground against the US dollar amid investor optimism about the unprecedented V-shaped stock market recovery going on in the US. The USD/CAD pair rallied higher as traders remained sceptical that the oil output cuts extended by the OPEC cartel and its allies would stabilise oil prices.

Euro Falls on Risk-Off Market Sentiment Amid Global Recession Fears

The euro today fell against the US dollar driven by the risk-off market sentiment dominated by fears of a looming global recession in the aftermath of the COVID-19 pandemic. The EUR/USD currency pair extended yesterday’s decline that was triggered by the Fed Chair Jerome Powell’s dismissal of negative interest rates in the US.

Euro Rallies on US Stimulus Package Despite Weak German IFO Data

The euro today rallied higher against the US dollar driven by the markets higher risk appetite after the US Senate agreed on a multi-trillion stimulus package. The EUR/USD currency pair’s gains were also helped in part by the easing demand for the US dollar after the Federal Reserve provided swap lines for the currency.

Pound Crashes Against Strong US Dollar as Global Equities Crash

The Sterling pound today fell against the US dollar driven by the risk-off market sentiment that dominated global markets amid a major equities sell-off. The GBP/USD extended its losing streak for the third consecutive day and printed new 2020 lows as investors shrugged off the stimulus package announced by the Bank of England yesterday.

Euro Rises Then Falls on Rising Coronavirus Cases and Equities Sell-Off

The euro today rallied against the US dollar earlier in the session before falling later during the American session as the global equities sell-off deepened. The EUR/USD currency pair headed lower as European stock markets closed in the red and American markets opened lower later in the day.

Euro Inches Higher on Coronavirus Fears and Global Equities Sell-Off

The euro today traded in a wide range against the US dollar with a slightly bullish bias as markets reeled from the spreading coronavirus outbreak and the crash in oil prices. The EUR/USD currency pair today traded with a bullish bias as bears fought for control amid a major sell-off in global equity markets.

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