LTC/EUR Exchange rate
Editors’ Picks
EUR/USD tumbles to one-month low as ECB signals stimulus
EUR/USD has dropped below 1.17, to the lowest since late September. The ECB expressed concern about the spread of covid and signaled more stimulus in December. Earlier, US GDP beat estimates. The US elections are eyed.
GBP/USD tumbles below 1.30 as market mood worsens
GBP/USD has dropped below 1.30, reversing its Brexit-related gains. Growing concerns about coronavirus in the UK and the US elections are weighing on the pound.
Gold depressed near 1-month lows, below $1870 level post-US GDP
Resurgent USD demand prompted some fresh selling around gold on Thursday. The USD stood tall following the release of upbeat US third-quarter GDP report. The US economy expanded by 33.1% annualized pace as against 31% expected.
US GDP Quick Analysis: No V-shaped recovery despite 33.1% leap, covid looms over markets
The best quarter in history – following the worst one. Gross Domestic Product jumped by an annualized rate of 33.1%, above expectations. That included a surge of 40.7% in personal consumption, a core component of the economy.
WTI collapses to $35.00, new 4-month lows
Prices of the WTI drops to 4-month lows near the $35.00 mark per barrel in the second half of the week as traders continue to track the unremitting advance of the coronavirus pandemic and its impact on the demand for the commodity.