Increased incidence of covid19 in the euro area, especially Germany.
Social distance constraints were increased to combat covid1.
High unemployment rate.
The euro is too tired and needs to rest.
US political developments and their impact on the dollar :
Here is a principle for you to remember: The value of the dollar decreases during the Republican era and increases during the Democratic era.
Of course, this is done with a certain time priority after the elections. This is a long-term priority for the transition from Republicans to Democrats.
As relations between London and Washington improve, the situation for Europe over the Brexit agreement has become more difficult.
The head of the European Central Bank expressed his concern about the current state of the economy, saying that the central bank had not achieved its goals and that fiscal and monetary policies should continue.
The dollar is strengthening.
Commodity price index fell.
And bonds rose at the same time.
Most foreign currencies (except the US dollar) are depreciating.
Market sentiment for the dollar is positive
The usual target for gold is a minimum of 1800 and a maximum of 1700, but this depends on market conditions.
An increase in the dollar index lowers the commodity price...
The Bank of England has said it is looking more closely at sub-zero interest rates.
With the tripling of the number of coronavirus cases, the UK economy is facing unemployment and problems with the Brexit agreement.
Lower interest rates increase liquidity and increase commodity prices, thus reducing the value of the currency.
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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