Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
NZD Strongest and AUD the Weakest Against the USD
Information is not investment advice
Midday Market View
World stocks rallied on Monday on hopes for a coronavirus vaccine after Astra Zeneca resumed its phase-3 trial, but caution lingered before a host of central bank meetings this week.
Sterling, which has been hit by renewed Brexit turmoil, was on firmer ground before a vote on British Prime Minister Boris Johnson's plan to break international law by breaching parts of the Brexit divorce treaty with the European Union.
Midday Key Point
- Eurozone March industrial production comes at 1% vs 4.2% m/m than expected
- GBPUSD recovers some ground before key Commons vote
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.
The US dollar index has all chances of reaching the 2000s high of 120.00.
Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?