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Have the optimisim of the last days going lower?
FOREX After several days dominated by a vaccine-related optimism, which offered support to the euro, headwinds are now challenging the buoyancy of the single currency, causing losses versus other major currencies. The immediate reality presents record numbers of new infections and fatalities in several European countries, reminding investors that the return to normality still remains[…]
The pound is continuing to strengthen
FOREX The pound is continuing to strengthen versus the dollar and the euro during early Wednesday trading. Sterling’s gains, at a time of make-or-break for the negotiations between the EU and the UK over a future trade deal, mean investors are relatively confident in a positive outcome because despite lingering difficulties in reaching a consensus[…]
Riskier currencies continuing to gain ground
FOREX The mood of investors appears to remain buoyant during early Tuesday trading, with riskier currencies continuing to gain ground against safe-havens following more good vaccine news on Monday with Moderna announcing its inoculation achieved a success rate of 94% with relatively low maintenance requirements for transportation. With increasingly solid hopes that life will return[…]