Here is what you need to know on Wednesday, September 23: The dollar was the strongest, appreciating against most major rivals. The shared currency was undermined by fears that the economic recovery could take longer than anticipated, as a second wave of coronavirus hits Australia. EUR/USD fell towards the current 1.1700 price zone, its lowest in almost two months. GBP/USD traded as low as 1.2709 and settled a handful of pips above this last. BOE’s Governor Bailey said that mention of negative rates does not imply their use, giving temporal support to the Pound. Also, EU’s Barnier headed to London for informal trade talks, as Brexit negotiations are reportedly going “a bit” better. The pair started retreating after UK PM Johnson announced new coronavirus-related restrictions, which could last for up to six months. However, he said that this was “by no means a return to the full lockdown of March,” as the aim was to cause the minimum damage to lives and livelihood. US Federal Reserve Chair, Jerome Powell, testified before Congress. His prepared remarks were released way ahead of the event, which had a limited impact on financial assets. He noted that the US economy has remained resilient and that the banking system has held up well during the ongoing crisis. However, he also said that further economic progress would depend if they can control the virus and most likely will need fiscal support. EU summit scheduled for later this week has been postponed. Market talks suggest that EU´s President Charles Michel has contracted COVID-19. Wall Street posted a modest intraday advance, following the lead of its European counterparts. The momentum, however, is quite limited and the risk remains skewed to the downside. Commodities traded quietly, consolidating around Tuesday’s closing levels. Gold is ending the day at around $1,901.00 a troy ounce. Crypto market sentiment grows negatively but this could be a bullish sign FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/GBP unnerved by Bojos lockdown warnings UK address, Brexit is critical FX Street 2 years Here is what you need to know on Wednesday, September 23: The dollar was the strongest, appreciating against most major rivals. The shared currency was undermined by fears that the economic recovery could take longer than anticipated, as a second wave of coronavirus hits Australia. EUR/USD fell towards the current 1.1700 price zone, its lowest in almost two months. GBP/USD traded as low as 1.2709 and settled a handful of pips above this last. BOE’s Governor Bailey said that mention of negative rates does not imply their use, giving temporal support to the Pound. Also, EU’s Barnier headed to London for informal… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.