Market Analysis

The euro is losing ground versus other major currencies

The euro is on the backfoot during early Wednesday trading, losing ground versus other major currencies, especially against the safe havens of the US dollar and Japanese yen.

Risk aversion is the prevailing mood on the markets, as the second wave of the pandemic dominates headlines and reports point to the possibility of new national lockdowns in Germany and France, while on the other side of the Atlantic uncertainty over the outcome of next week’s presidential election is also feeding into the risk-off sentiment.
Ricardo Evangelista – Senior Analyst, ActivTrades


Source: ActivTrader



The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and as such is to be considered to be a marketing communication. All information has been prepared by ActivTrades PLC (“AT”). The information does not contain a record of AT’s prices or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not a reliable indicator of futures performance. AT provides an execution-only service. Consequently, any person acting on the information provided does so at their own risk.