AUD is marginally strengthening against USD during today’s Asian session, recovering from a strong decline late last week as the instrument retreated from its record highs since February 2019.
Forex forecasts and market outlooks
High-quality Forex forecasts and financial market reviews from professional analysts are added daily!
Clients of the Tifia broker get exclusive access to high-quality materials from independent analytical agency Claws&Horns in their Client Cabinet: technical and fundamental market analysis, Forex economic event calendar, currency, stock, index forecasts, trading indicators signals and much more.
Since the beginning of trading, the USD/CHF pair has renewed its March low due to the fall of USD but now corrects upward, trading around 0.9160.
GBP demonstrates moderate gains against USD again today, returning to the local highs, updated at the end of last week. The instrument adds about 0.10% and is testing the level of 1.3100 for a breakout.
The USD/CAD pair falls due to the positive Canadian statistics and trades at the level of 1.3400.
USD is showing ambiguous trading dynamics against JPY during today's Asian session, trying to develop corrective growth, the momentum for which was formed at the end of last week.
The GBP/USD pair is steadily growing for the tenth day in a row, renewing local highs. No key macroeconomic statistics were released on Thursday in the UK, and the instrument strengthened against the backdrop of the largest ever decline in US GDP on record, which decreased by 32.9% in the second quarter of this year.
USD is flat against CAD during today's Asian session, correcting after rather strong growth the day before. Yesterday, USD returned to decline against most of its competitors after the release of disappointing macroeconomic statistics from the US.
NZD rallies against USD during this morning session, hitting record highs since the start of the year. The further strengthening of the instrument is again facilitated by the weak positions on USD, which came under pressure of the disappointing annual data on the dynamics of the US GDP for Q2 2020 released yesterday.
The USD/JPY pair significantly decreases following the actively falling USD and trades at 104.35.
The EUR/USD pair grows due to a record USD fall and is currently trading near the level of 1.1890.