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Sterling Pound Rallies As Boris Johnson Acts to Save Brexit Talks

The Sterling pound today rallied against the dollar after the British Prime Minister intervened to try and save the Brexit talks, which seem to be falling apart. The GBP/USD today rallied higher despite the lack of macro releases from the UK docket as the positive Brexit developments boosted investor sentiment towards the pound.

Euro Rallies Against Dollar on Elevated Sentiment, Falls Then Rises

The euro today rallied against the US dollar twice followed by quick retracements despite the upbeat investor risk appetite that boosted risk assets. The EUR/USD currency pair today rallied then gave up all its gains before rallying again as the bulls and bears fought for control amid mixed euro area macro prints.

Euro Rallies to 1-Week Highs Driven by Investor Risk Appetite

The euro today rallied against the US dollar despite the release of mixed macro prints from across the euro area driven by the resurgent investor risk appetite. The EUR/USD currency pair’s rally was also boosted by the greenback’s selloff, which started yesterday amid hopes of a US coronavirus stimulus package.

Australian Dollar Gains on Improving Sentiment, Changing Outlook for Interest Rate Cut

The Australian dollar was extremely strong on Monday, second only to the Great Britain pound. There were two likely reasons for that. The first one was the positive general market sentiment, which was favoring riskier assets. The second one was the changing outlook for the timing of an interest rate cut from the Reserve Bank of Australia.

Euro Falls to 2-Month Lows As Investors Remain Risk Averse

The euro today fell to 2-month lows against the US dollar driven by negative investor sentiment as coronavirus cases in Europe and across the world continue to rise. The greenback’s rally also fueled the EUR/USD currency pair’s decline as investors piled into the world’s only reserve currency despite the looming US elections.

Euro Falls Against US Dollar on Risk-Off Mood, Later Recovers

The euro today fell against the US dollar driven by the risk-off investor sentiment, which has been persistent this week triggering a selloff in riskier assets. The EUR/USD currency pair’s decline was also fueled by the weak German IFO survey data released earlier today combined with the greenback’s overall strength.

Euro Surges to 2-Year Highs Against the US Dollar, Later Retreats

The euro today rallied to new 2-year highs against the US dollar mainly driven by the latter’s overall weakness as tracked by the US Dollar Index. The EUR/USD currency pair today hit a high of 1.1966, which was last seen in March 2018 driven by the bullish investor sentiment.

Sterling Pound Rallies Against the Dollar, Later Gives Up Its Gains

The Sterling pound today rallied higher against the US dollar in the early London session driven by the upbeat investor risk appetite and the greenback’s weakness. However, the GBP/USD currency pair could not hold on to its gains as the American markets opened and headed lower as investor sentiment shifted in favour of the dollar.

Euro Trades Sideways Above 1.17 As Investors Await Fed Decision

The euro today fell against the US dollar after hitting highs last seen in September 2018 yesterday as the greenback sold off. The EUR/USD currency pair was stuck trading in a sideways range slightly lower from its opening price driven by the non-volatile market environment.

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.

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