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18 Feb 2020

Breaking: EUR/USD drops to fresh multi-year lows below 1.0800 on broad USD strength

The EUR/USD pair came under renewed bearish pressure and broke below the 1.0800 mark to touch its lowest level since April 2017 at 1.0793.

The broad-based USD strength seems to be behind the latest selloff. The upbeat data from the US provided a boost to the USD.

After the Empire State Manufacturing Index improved to 12.9 in February to beat the market expectation of 5 by a wide margin, the US Dollar Index rallied to its highest level since early October at 99.41.

Feb 18, 2020

US: NY Empire State Manufacturing Index jumps to 12.9 in February vs. 5 expected

The General Business Conditions Index of the Federal Reserve Bank of New York's Empire State Manufacturing Survey improved to 12.9 in February from 4.
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Feb 18, 2020

USD/CAD Price Analysis: Refreshes session tops, eyeing a move towards reclaiming the 1.3300 mark

The USD/CAD pair maintained its bid tone through the early North-American session on Tuesday and jumped to near one-week tops, around the 1.3275 regio
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