Market News & Analysis


Top Story

Forex Stories: EU vs Germany

Overnight, the U.S. dollar strengthened against other major currencies. The ICE U.S. Dollar Index regained the key 100 level as it jumped 1.1% to 100.23.

EUR/USD dropped 0.3% to 1.0806. European Commission President Ursula von der Leyen threatened legal actions against Germany concerning a German constitutional court's ruling over the European Central Bank's bond-purchase practices.

Source: GAIN Capital, TradingView


GBP/USD fell 0.6% to 1.2331. U.K. Prime Minister Boris Johnson unveiled a "conditional plan" to reopen society. People who could not work from home could return to the workplace. Some hospitality businesses could reopen on July 1 the soonest.

USD/JPY jumped 1.0% to 107.63 extending its rally to a third session.

Commodity-related currencies also weakened against the dollar. USD/CAD rebound 0.6% to 1.4006, and AUD/USD lost 0.7% to 0.6489.

From time to time, GAIN Capital Australia Pty Ltd (“we”, “our”) website may contain links to other sites and/or resources provided by third parties. These links and/or resources are provided for your information only and we have no control over the contents of those materials, and in no way endorse their content. Any analysis, opinion, commentary or research-based material on our website is for information and educational purposes only and is not, in any circumstances, intended to be an offer, recommendation or solicitation to buy or sell. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. No representation or warranty is made, express or implied, that the materials on our website are complete or accurate. We are not under any obligation to update any such material.

As such, we (and/or our associated companies) will not be responsible or liable for any loss or damage incurred by you or any third party arising out of, or in connection with, any use of the information on our website (other than with regards to any duty or liability that we are unable to limit or exclude by law or under the applicable regulatory system) and any such liability is hereby expressly disclaimed.