Dollar Down COVID-19 Recovery – FX Signals; The dollar was down on Friday morning in Asia, after investors retreated from the safe-haven asset amid growing hopes of a COVID-19 recovery and caused markets to be heavily short dollars.The pound was up despite doubts on both sides about a resolution to the Brexit trade talks between the U.K. and the European Union (EU).

The U.S. Dollar Index that tracks the greenback against a basket of other currencies edged down 0.18% to 90.653 by 12:02 AM ET (4:02 AM GMT).

The USD/JPY pair edged down 0.14% to 104.06.

Although moves in Friday’s Asian session were modest, the riskier AUD and the NZD saw new multi-year highs.

The AUD/USD pair gained 0.35% to 0.7560. The AUD pushed past the 75 U.S. cents mark, the first time since mid-2018, as iron ore, Australia’s biggest export commodity, saw prices surge to a two-and-a-half year high. Forex Signals – Asian currencies on recovery

Forex Telegram Signals

The GBP/USD pair was up 0.21% to 1.3321, with U.K. and EU negotiators taking a final stab at reaching a Brexit trade deal.

The pound fell 0.8% during the previous session after U.K. Prime Minister Boris Johnson warned on Thursday there was “a strong possibility” that the U.K. and the EU would fail to strike a deal. It has shed 1% so far during the week, with efforts to strike a deal with the EU before protections on around $1 trillion in annual trade expire at the end of December showing little progress up to now.

Johnson and European Commission President Ursula von der Leyen, who has described the talks as “difficult,” have set a deadline for Sunday for the talks. This gives investors the weekend to make any last-minute adjustments to their sterling positions ahead of the deadline.

Trading Signals that work

The widely-expected volatile ride to the finish line has sent pound volatility gauges soaring protection. US dollar dips on vaccine news

“There has been a greater tendency for more jittery sterling longs to hit the sell button, although (the) market view remains that a deal is slightly more likely than not,” Axi chief strategist Stephen Innes told Reuters. Forex Signals – The U.S. dollar was down

The euro rose to $1.2158, keeping within range of the previous week’s two-and-a-half year high of $1.2177. However, she also added, “But clearly [the] exchange rate, and in particular the appreciation of the euro, plays an important role and exercises downward pressure on prices, so we monitor it, we will continue to monitor it very carefully going forward.”Signals – Dollar Down

Forex Signals – US Dollar Up After COVID-19 Recovery

The Federal Reserve also met for its policy meeting on Thursday.

Dollar Down COVID-19 Recovery

Forex Signals Telegram Signals

Forex Signals Telegram Signals

Dollar Down COVID-19 Recovery

Trade better, discover more Forex Signals Strategies
Better Still Sign Up For our FX Signals Daily
Read more on Forex News Today
Download our Forex Signals APP

Join our 21,345  Subscribers Forex Signal Packages!!

Dollar Down COVID-19 Recovery