During Asian trade on Friday, the US Dollar was penned within a narrow trading band as investors focus on the US President’s response to China’s recently passed national security law which will be in place for Hong Kong.
The Pound Sterling is struggling for traction against its two main rivals, the greenback and Euro, and are trading close to recent lows on media reports that the Brexit negotiations have stalled.
S&P 500 makes first daily close above 3000 and 200-day average since pandemic; Asian stocks trade mixed as Hong Kong hit; EU lays out €750 billion rescue plan
S&P 500 tests 3000 and 200-day average; U.S. consumer confidence rises unexpectedly; Brazil surpasses U.S. with highest daily coronavirus death toll
The S&P 500 broke above its 200-day moving average on Tuesday and traded at less than a point below 3,000, a sign that a prolonged uptrend for the markets may be starting.