Month: August 2022

EUR/USD rebounds to 3-day and advances above the parity level. Germany Business Climate came almost unchanged in August, The Jackson Hole Symposium will take centre stage in the next days. The generalized better tone in the risk complex lifts EUR/USD back above the parity level, although the bull run has so far stalled around 1.0030
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Dollar’s rally was choked off by terrible PMI data, in particular services, overnight. But the greenback is trying to regain some footing in Asian session. It’s too early to say that the bullish trend in Dollar has reversed. Traders are just holding their bets for now, awaiting more guidance from Fed Chair Jerome Powell at
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USD/CNY has recently broken above the closely watched 6.80 level. Economists at HSBC expect the CNY’s depreciation to be more gradual and modest this time around. Some potential catalysts could trigger USD/CNY to decline “Currency-wise, USD/CNY has recently broken above the closely watched 6.80 level. We think this means USD/CNY will likely trade in a
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Amid the ongoing crypto winter, new data from a Pew Research Centre survey has shown that 46% of adult crypto users in the United States are seeing lower than expected returns on their crypto investments. The survey gathered responses from over 6,000 randomly-selected adults across the United States, with panelists participating in self-administered web surveys.
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