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Currencies: the wait-and-see FOREX before the EDF meeting without stakes?

14/09/2020
Source : CERCLE FINANCE
Categories: Economy/Forex

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(CercleFinance.com) - Quiet day on FOREX in the absence of market movers (figures, business surveys), on the eve of the Fed meeting (tuesday and Wednesday).

The operators expect a certain neutrality at 6 weeks of the elections, as is the tradition (so as not to expose themselves to sharp comments from Donald Trump accusing him of playing into the hands of the Democrats).

The Euro rose slightly by +0.15% to 1.1865 while the ECB slightly revised upwards its economic expectations: less severe contraction in 2020, to -8.7% against -9%.

The Dollar is down -0.45% against the Yen while Shinzo Abe's successor is known, it is Hishihide Suga (his right-hand man who helped orchestrate Abenomics).

The pound recovered +0.5% against the Dollar and +0.5% against the euro after its plunge on Friday, while nothing is resolved regarding the differences that are worsening regarding the commitments made by the United Kingdom, which is clearly opting for a 'hard Brexit'.

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