Although losing in G...来自Invincible

Although losing in GBP/AUD this month， I'm not really anxious about it. The loss for me is the expeience.😭🤔

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Euro Holds Two Month High Against Dollar An additional 2.1m Americans filed for unemployment last week according to the Labor Department today. This is still a huge number which would be record setting in other times. That said, forex trading seems to have been buoyed more by the 4 million drop in continuing claims. This would appear to illustrate that some Americans at least, are starting to get back to work. With increasing hopes that the economy may be turning a corner, the EUR/USD market has emerged from a slump through the course of the week. Many hopes have also been carried by the announcement of a fresh 750 billion Euro stimulus package from the ECB.

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The exchange rate turned sharply higher last week when leaders from France and Germany initially discussed a further stimulus plan to help out the economies hit hardest by Covid-19. There was some push back from the original proposal as some member states opposed the idea of providing grants as a form of a stimulus. The European Union discussed a new package yesterday, worth as much as 750 billion euros, that will be distributed in the form of grants and loans. Italy and Spain are expected to be the main beneficiaries of the package, set to receive 81.8 billion euros and 77.3 billion euros respectively. Approval is still required from all of the member states and ongoing developments stand to move the exchange rate.

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