US Treasury net redemption | 08 Septiembre 2020

08 Septiembre 2020, EUR/USD

US Treasury net redemption

EURUSD trading plan:

German exports remained far below their pre-crisis levels in July despite a 4.7% increase during the month, adding to signs that Germany's economic recovery from the COVID-19 will be slow. Yet weak demand from major economic peers such as the United States still grappling with the pandemic is holding back a stronger recovery. This is a negative signal for the Euro. The US Treasury has updated on its website the schedule of placements and redemptions of Treasury bonds. Today, the financial authorities will raise $ 120 billion from the market through a bond issue and will redeem $ 149.99 billion of bonds. Thus, the “net redemption” will amount to $ 29.99 billion, which is the highest level since July 28. This is a negative signal for the U.S. dollar.

Trading recommendation: range 1.1770 -1.1850

David Johnson
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.