USD on Pace for Its Biggest Loss in the Decade

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freemexy

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USD on Pace for Its Biggest Loss in the Decade


USD is experiencing its longest downtrend since 2010, while the consecutive
decline recently is the second worst one since April 2011. The future
trend of USD is now testing market sentiments.To get more news about WikiFX, you can visit wikifx news official website.

In terms of GBP/USD, it keeps gaining although GBP is struggling with the
lack of progress on post-Brexit trade negotiations with the EU.
Meanwhile, USD/JYP makes no advance in the past month, although they
both enjoyed yields as safe haven currencies at the beginning.


USD is the reserve currency which used most heavily in the world. But it is
facing a serious systemic problem, that is, how currency stabilization
will tend to be in the future. Currently, forex traders should beware of
volatility. With more cases of coronavirus confirmed globally, a wider
fear may arise from the impact of the epidemic on growth and trade.
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Posted 11 Aug 2020

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