Unlike the heady performances in global equity markets, the FX complex has put in a relatively stoic performance, refusing to get too carried away by the euphoria over a Covid-19 vaccine. Still, major currencies are about to test key levels in the immediate future, and it remains to be seen whether we will get meaningful breakouts or rejections.
Having broken below the psychologically-important 92.0 level, the Dollar index (DXY) is just some 20 basis points away from registering a new two-year low, as it eyes the September trough of 91.74. After falling by over 10 percent from its March… Read More:
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