About Paweł Caputa

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So far Paweł Caputa has created 38 blog entries.

The U.S. economic recovery will slow down if unemployed Americans and struggling businesses do not receive more assistance, Minneapolis Federal Reserve President Neel Kashkari said on Thursday. London enters a tighter COVID-19 lockdown from midnight, which with a curfew in Paris leaves two of Europe’s largest cities living under state-imposed restrictions. Risk sensitive currencies were hit hardest, with the Australian dollar dropping almost 1% on Thursday to a more than two week low of $0.7057. It has lost 2% for the week, weighed also by a dovish central bank speech.

EUR/USD Eyes on today U.S. Retail Sales data.   The [...]

2020-10-16T12:23:48+02:00October 16th, 2020|Forex|

The 27 EU national leaders are due to step up contingency plans for an abrupt economic split if no agreement emerges in time on trading with Britain without tariffs or quotas. The dollar inched higher as rising coronavirus cases and scant progress towards a U.S. stimulus deal unsettled investors, while the Aussie dropped to a one-week low after the central bank chief hinted of a possible rate cut.

EUR/USD The dollar had been hard hit so far but [...]

2020-10-15T10:38:21+02:00October 15th, 2020|Forex|

The coronavirus continues to tighten its grip on the Western world, with Europe, in particular, hard hit by a second wave. Many countries are now widening restrictions to try to regain a grip on the pandemic. The recent losses in USD have been pretty small and are likely to be subdued as the U.S. presidential election looms on Nov. 3. Sterling extends declines after U.K. Prime Minister Boris Johnson repeated his threat to abandon negotiations with the EU on relations between the two after the end of the Brexit transition phase.

EUR/USD The dollar had been hard hit so far but [...]

2020-10-14T11:12:12+02:00October 14th, 2020|Forex|

The dollar had been hard hit Friday on hopes that a deal for new U.S. stimulus would be reached, reducing the need for this safe haven currency, after the Trump administration proposed a new $1.8 trillion package. The Bank of England asked banks for information about their readiness for zero or negative interest rates, following up on its announcement last month that it was considering how to take rates below zero if needed.

EUR/USD   The dollar had been hard hit on hopes [...]

2020-10-12T13:07:14+02:00October 12th, 2020|Forex|

The dollar held onto gains against most currencies after Republican U.S. President Donald Trump’s abrupt cancelling of talks on economic stimulus with Democrats increased risk aversion. In Australia, Treasurer Josh Frydenberg said on Wednesday that the tax cuts forming the centrepiece of the country’s annual budget will not come into effect until December.

EUR/USD Confidence is growing that U.S. lawmakers can agree to [...]

2020-10-07T09:23:03+02:00October 7th, 2020|Forex|

The dollar pushed higher, along with the Japanese yen, as U.S. President Donald Trump testing positive for the Covid-19 virus hit risk sentiment, resulted in demand for safe haven currencies. The U.S. unemployment rate fell to 7.9% in September, from 8.4% in August, a big drop but monthly job gains slowed. Overall, of the 22 million jobs lost since February, the economy has recouped about half.

EUR/USD The U.S. unemployment rate fell to 7.9% in September, [...]

2020-10-05T09:30:34+02:00October 5th, 2020|Forex|