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BUSINESS NEWS AUGUST 31, 2018 / 7:24 AM / UPDATED 2 HOURS AGOTOKYO (Reuters) – The dollar stood firm against its peers on Friday, finding support as the latest round of U.S.-China trade tensions dulled investor risk appetite, with weakness in emerging market currencies also helping lift the greenback.The dollar index against a basket of […]
NEWS | 1 minutes ago The EUR/USD could find acceptance above 100-day MA today if the US-German inflation differential narrows. August candle carries a long-tail, which indicates bearish exhaustion. The EUR/USD was flat lined at 1.1704 in Asia, having staged a solid rebound from the bullish 5-day moving average (MA) on Wednesday. Fed’s Powell downplayed the risk of overheating […]
NEWS | 07:49 GMT In light of the ongoing rally, the pair now targets the 1.1745 level, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “We highlighted yesterday “there is scope for EUR to extend higher to 1.1670 but overbought conditions suggest that a move beyond 1.1700 is not expected”. EUR subsequently rose to a […]