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Bitcoin bubbles as Australian dollar floats along

Bitcoin bubbles as Australian dollar floats along
macrobusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macrobusiness.com.au Daily Mail and Mail on Sunday newspapers.

Pacific Peso , King Dollar , பெஸிஃபிக் பேஸொ , கிங் டாலர் ,

EUR/USD: From panic to Santa Rally? Why the skies are clearing, 1.23 is in sight


Dec 22, 2020 08:50 GMTForex News
EUR/USD has recovered as markets calm after the initial covid strain-related panic.
The passage of US stimulus and Brexit hopes could boost the euro. 
Tuesday’s four-hour chart is showing bulls are in the lead.
“Out of control” – these words by UK Health Secretary Matt Hancock about the new coronavirus strain sent markets tumbling. The variant is around
70% more transmissible and the lack of knowledge about the disease also caused fears, prompting the French government to halt the freight passage between the countries, topping up flight bans.
However,
markets tend to exaggerate and that was the case on Monday. The market sell-off boosted the safe-haven dollar, sending EUR/USD to around 1.2130, but as time passed by, investors returned to their senses. ....

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Australian dollar cruises down as retail sales surge


MacroBusiness
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See the latest Australian dollar analysis here:
The latest retail sale figures for November have not been received well on the local share market, with the ASX200 down nearly 1% while the Australian dollar remains under pressure after the big roundtrip in risk assets overnight.
The Pacific Peso just can’t seem to get back to its former highs (and nominal yearly highs) above the 75.80 level after briefly ducking under the 75 handle overnight:
The Chinese Yuan remains on a steady uptrend against King Dollar, with the PBOC cutting the reference rate down significantly again, from 6.5507 to 6.5387, with offshore trading currently not far off. The weekly chart shows the steep depreciation the USD has faced against Yuan this year: ....

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