US dollar tumbles across the board, DXY at weekly lows. GBP/USD up for the fourth consecutive day, extends rally from 1.2250. The GBP/USD broke to the upside boosted by a broad sell-off of the US dollar. Cable peaked at 1.2601, hitting the highest level since June 16. As of writing, it trades at 1.2595, gaining for the fourth day in a row. After moving sideways in tight ranges during hours, the US dollar broke to the downside, losing ground across the board. The DXY tested earlier the 97.00 area and now it stands below 96.50, at the lowest in two weeks. The decline took place even as US yields rebounded. UK Chancellor Rishi Sunak’s presented the new spending plans, having no significant impact across markets. Later during this week, more details about the lockdown will be provided. Regarding Brexit, no breakthrough in negotiations is seen in the short-term, but that scenario appears to be priced in. In the US, the latest numbers of COVID-19 continue to show a dramatic situation. Wall Street indexes lost strength after Florida’s report. The Dow Jones gains just 0.06% and the Nasdaq 0.61%, both indexes far from the top. Technical levels to watch 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 EU’s Michel: A lot of work is needed for recovery fund deal FX Street 3 years US dollar tumbles across the board, DXY at weekly lows. GBP/USD up for the fourth consecutive day, extends rally from 1.2250. The GBP/USD broke to the upside boosted by a broad sell-off of the US dollar. Cable peaked at 1.2601, hitting the highest level since June 16. As of writing, it trades at 1.2595, gaining for the fourth day in a row. After moving sideways in tight ranges during hours, the US dollar broke to the downside, losing ground across the board. The DXY tested earlier the 97.00 area and now it stands below 96.50, at the lowest in two… 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.
