Panic is a bad advisor in the financial world. Still, the US central bank has let itself be guided by its fears in its surprising decision to cut the interest rates. It looks like there are hard times ahead, particularly for the dollar.
The designation litmus test in the current technical analysis of the currency pair EUR/USD hints at the ultimate test to discern the reliability of something. This applies for both the trust in the euro and confidence in the US dollar.
Gain an overview of the latest developments on the currency market and anticipate fluctuation risks.
In less than a week it will become clear who will really be cut out to fight Donald Trump for the American presidency later on this year. The outcome of that battle will have a major impact on the price movement of the dollar.
It has been about a month since the news emerged that a highly contagious virus that has claimed lives had made its way from China to the West. To limit any damaging economic consequences, various measures have been taken to instil a sense of confidence that an adequate solution will be found.
The Australian dollar has suffered numerous blows in the past few years. At the end of 2019 the currency reached its lowest level in more than ten years, to drop even faster due to widespread forest fires and the Corona virus. When will the end be in sight?