Dollar Defensive on Mixed Headlines


The US Dollar traded sideways on Wednesday after troubling headlines hit the wires. US Democrats have launched a formal impeachment inquiry against President Donald Trump following reports that Trump sought Ukrainian President’s help to discredit Democratic presidential front-runner Joe Biden. House Speaker Nancy Pelosi announced the House would initiate a formal inquiry, saying Trump appeared to have undermined national security and violated the U.S. Constitution.

On the trade front, Trump lambasted China’s trade practices despite fresh Chinese buying of US agricultural goods, adding to the damp mood. He said he would not accept a “bad deal” in U.S.-China trade negotiations. The US is also preparing the tariffs against the EU. These major headlines weighed on the markets and pushed safe-havens higher. The US dollar was also pressured after the US consumer confidence fell far more than expected for the month of September.

Earlier, the Reserve Bank of New Zealand left its interest rate unchanged at 1% as expected – but kept the door open to further easing. Kiwi remained stable.

NOTE: Traders are advised to be cautious and be updated on the major economic news causing high volatility to achieve better trading results.

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Post categories


Symbol Bid Ask Spread
EURUSD 1.13272 1.13289 1.7
GBPUSD 1.25987 1.26006 1.9
USDCAD 1.35131 1.35151 2
USDJPY 108.934 108.955 2.1
USDCHF 0.95588 0.95610 2.2
AUDUSD 0.69328 0.69348 2
NZDUSD 0.64442 0.64466 2.4
EURGBP 0.89897 0.89918 2.1
EURCHF 1.08286 1.08307 2.1
EURJPY 123.404 123.422 1.8
AUDJPY 75.529 75.552 2.3
GBPJPY 137.257 137.277 2
USDSGD 1.39819 1.39847 2.8
XAUUSD 1717.54 1717.80 26
XAGUSD 17.776 17.810 3.4

The above live prices are provided solely for informational purposes, not for trading purposes, and may be delayed.

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