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• No significant events Currency Summaries EUR/USD: The euro strengthened against greenback on Friday after sources said European Central Bank is unlikely to cut its already-record low policy rate as this would do little to revive the pandemic-hit euro zone economy, playing down concerns about a strong euro. Traders were left scratching their head this week when Dutch central bank governor Klaas Knot said the ECB had room to push its Deposit Facility Rate, currently at minus 0.5%, further below zero if needed to stem a rally in the euro. The sources noted that the ECB’s focus now was on keeping financing conditions, i.e. bond yields and bank lending rates, stable, and said that the exchange rate was a secondary issue. Immediate resistance can be seen at 1.2150 (Daily high), an upside break can trigger rise towards 1.2209 (23.6%fib).On the downside, immediate support is seen at 1.2057 (38.2% fib), a break below could take the pair towards 1.2000 (Psychological lev ....
America's Roundup: U.S. dollar zigzags on Fed bond buying policy, Wall Street ends mixed , Gold climbs ,Oil prices edge higher after U.S. crude stockpile draw-December 17th,2020 econotimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from econotimes.com Daily Mail and Mail on Sunday newspapers.
Optimism abound on Brexit, US stimulus and data fronts fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.