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November 26, 2020

USD Index rose while Euro Dropped after The ECB Interest Rate Decision

100 dollar

U.S. Dollar index rose against the basket of six major currencies to close the session in the green at 94.56 supported by the stronger Euro despite the negative job data in the United States.

The U.S. Department of Labor reported on Thursday that the initial jobless claims increased from 208,000 to 217,000 while analysts expected a decline of 2,000 for the week ending July 21.

The Commerce of Department in United States stated on Thursday that the core durable goods order came lower than the expectations of an increase of 0.5 percent, as it rose by 0.4 percent.

In Eurozone, the Euro fell against the Greenback to end the session in the red at 1.16417 EURUSD after the ECB President announced that the interest rate of the ECB will be on hold at 0.0 percent till October 2019.

While in U.K. the Great British Pound dropped against the U.S. Dollar to end the session on negative notes at 1.31065 GBPUSD.

In terms of safe-havens, the Greenback rose against the Japanese Yen and the Swiss Franc to end the session at 111.083 USDJPY and 0.99034 USDCHF, while the prices of the precious metal fell to end lower at 1222.35 XAUUSD.

Elsewhere in Canada, the Greenback rose against the Loonie to end the session higher at 1.30724 USDCAD despite the increase in oil prices where U.S. Crude Oil rose on Thursday to end the session higher at $69.52 a barrel.

In Asia, both the Aussie and Kiwi fell against the U.S. Dollar to end the session in the red at 0.76759 AUDUSD and 0.68912 NZDUSD.

Regarding Cryptos, the Bitcoin, Litecoin and Ethereum fell slightly against the Greenback to end the session in the red 8113.91 BTCUSD, 83.95 LYCUSD and 469.46 ETHUSD.

 

 

 

Ali Hwary

Ali Hwary

Established in 2006, INGOT Brokers was initially launched with a unique vision to provide unparalleled superior trading environment, and the best trading tools in the industry. INGOT Brokers provides a broad range of products and services which include ETFs, MENA, International shares and indices, commodities, metals, energies, as well as currencies. INGOT Brokers is a pioneer company in online financial trading, executing billions of transactions on monthly basis and its regulated by the Australian Securities and Investments Commission (ASIC) with AFSL license number 428015. Visit Ingot Brokers: <a href="https://www.ingotbrokers.com.au">https://www.ingotbrokers.com.au</a>

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