Forex Today: the Dollar remains the strongest
|Here is what you need to know on Friday, September 27th:
- The EUR/USD pair fell to 1.0908, a level that was last seen in May 2017 as demand for the greenback persisted throughout the day. Data has little to do with it, but rather sentiment led the way, improving on better headlines coming from the US-China trade war front.
- No progress in UK Parliament, which continues the blame-game but can’t agree on a path toward Brexit. GBP/USD flirted with 1.2300 amid uncertainty and broad dollar’s strength.
- Wall Street closed in the red, off daily lows.
- US Treasury yields ticked modestly lower, as mood deteriorated in the US afternoon while caution prevails.
- The US Senate backed stopgap Federal Funding Bill, averting a government shutdown. The news passed unnoticed.
- Cryptocurrencies consolidated their latest losses.
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