OctaFX | OctaFX Forex Broker
Open trading account

Forex Today: EUR the weakest near 2019 low

Here is what you need to know on Tuesday, February 11th:

  • The EUR was the worst performer against the greenback this Monday, falling to a fresh 2020 low of 1.0908. For most major pairs it was a consolidative day, with the greenback and safe-haven assets retaining their strength amid persistent coronavirus concerns. The death toll is above 900, although the number of new cases reported decreased, shedding some light of hope.
  • The GBP remained trapped between robust UK data and Brexit-related fears. PM Johnson said that if the EU doesn’t agree to a Canada-style deal, he will leave talks with the EU. GBP/USD fell to a fresh 2020 low of 1.2871.
  • AUD/USD and USD/JPY closed the day unchanged, amid a cautious stance from investors.
  • Gold prices were up, while government yields decline, a sign that speculative interest is still seeking for safety.
  • Crude oil prices remained under selling pressure, WTI settled below $ 50.00 a barrel. Fears of reduced demand and uncertainty about future OPEC+ actions weighed on the commodity.
  • Crypto Today: Bitcoin bulls retreat ahead of another big attempt at $10,000 break

NZD/USD's wings are clipped leading into the RBNZ and coronavirus concerns

NZD/USD is under pressure on MPS week with the Reserve Bank of New Zealand most probably on hold, potentially unable to portray a more hawkish stance
Read more Previous

Fed’s Harker: should hold rates steady for a while

Federal Reserve Harker, a 2020 voter, as crossed the wires Key comments 2% economic growth seen in 2020. Economy on track to reach inflation target. U
Read more Next
Start livechat