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Dollar is benefiting during early Monday trading, rising 0.5%
FOREX The tensions between the US and China have once again risen to the top of investors’ concerns and the dollar is benefiting during early Monday trading, rising 0.5% in relation to a basket of other major currencies. The dollar’s strength results from higher demand for safe havens, due to a deterioration in the Sino-American[…]
Gold remains in a positive technical environment
FOREX The euro is on the back foot during early Friday trading, losing ground to all the safe haven currencies as the mood in the markets drifted towards risk aversion and the focus of investors shifted from the reopening of economies to the escalation in US-China tensions. After China announced a new stricter security law[…]
The oil price is slowing down
FOREX The euro continues to strengthen against other currencies, including the dollar and the yen, which have been two of the most sought-after safe havens during the coronavirus crisis. The single currency’s weekly gains versus the greenback are touching 1.3% during early Wednesday trading, as investors see some light at the end of the tunnel[…]