The Swiss franc is a safe haven for currency.
A safe haven is activated when a worrying event occurs.
An event like COVID-19.
Which has caused a recession in the global economy.
If you look at the USDCHF chart, you will see that the currency pair has fallen sharply since FEBRUARY 27, 2020, when the first case of coronavirus was diagnosed in the...
United States of America:
US economic indicators show rapid economic recovery.
Then, after an improvement in employment, we also saw an improvement in the retail sector on 16JUNE.
However, the industrial production index is in conflict with retail sales. However, it is better than the previous statistics and shows an improvement in the manufacturing...
Given the recovery in the US economy and the worsening economic situation in the UK, the GBPUSD exchange rate can be expected to fall.
Because in any case, any action taken by the Bank of England in the future will lead to an increase in expansionary policies and, as a result, a devaluation of the country's currency.
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At the time, the European Central Bank allocated € 1.350 billion to buy bonds and QE operations to prevent damage caused by the coronavirus.
The index, US industrial output and employment are improving. Although negative indicators, retail and caffeine orders have been reported negatively, economic growth can be expected in the medium term due to employment...
12 may 2020
The UK Central Bank's report states that the UK is increasing its expansionary policies, the UK has lowered its interest rates and is seeking to inject money and liquidity into society, and this is done through lending and Buy bonds.
When a country's expansionary policies increase, the value of that country's currency also...