The US dollar has gone back and forth during the trading session on Thursday, as we see a lot of noise just below the ¥107.
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Price action is slightly bullish at the moment, but the bias will not shift unless EURUSD breaks out above 1.1000 level of.
It was a poor start to the week in terms of risk sentiment, with no catalysts for fresh positivity on the US-China.
18 Mar 2020.
The US dollar surge will create pressure on both Chinese and international businesses who will struggle to keep up with the demand.
The US dollar fell during the trading session on Wednesday, but as you can see struggles to maintain any type of serious trend.
The British pound poked above the 1.25 level but has given back a bit of the gains in order to show quite a bit of resistance.
and China is also causing ripple effects across the globe, particularly in the manufacturing sector which continues to struggle with the uncertainty and tariffs.
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Ethereum contains the price action within an ascending channel despite the retreat from the recent high at $227. ETH/USD.
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