USD / CAD again above 1.32000

After the postponement of the financial stimulus for suppressing the impact of Coronavirus on the economy, the dollar gained strength and moved to 93.00. On a daily basis, we have a small break on the smaller trend line. The first stronger resistance can be seen at 1.32300. Green money found some support on Monday amid growing market concerns about the rise in coronavirus cases in Europe and the United States. Adding to this, disappointment over the next round of US fiscal stimulus measures further weighed investor sentiment and affected the status of the USD as a global reserve currency.
The fall in the price of oil due to global concerns and the rise of newly infected with coronavirus brings fear and unrest to the market, thus the growth of the dollar as the primary currency, while the Canadian dollar due to its position is in reserve. On Wednesday, Canadians have the news of the Reserve Bank of Canada on interest rates, which are estimated to remain unchanged, and from the American news we can single out Gross Domestic Product (GDP) for the third quarter, Core Durable Goods Orders and Initial Jobless Claims which will certainly have an impact on this couple.

USD / CHF 0.90300 as current support

Today the dollar managed to break away from the previous bottom and move towards 0.90800. Delaying the economic stimulus to mitigate the effects of the coronavirus lifted the dollar from the bottom and raised it above 93.00. This had a slight impact on USD / CHF and the pair is now at 0.90750. The growing market is worried that the growing cases of coronavirus could prove harmful to the already fragile global economy and affect the status of the reserve currency, ie the dollar. This is happening amid fading hopes for a pre-election fiscal stimulus in the US and has taken a toll on global risk sentiment.
U.S. House Speaker Nancy Pelosi remains optimistic about incentive talks, although investors did not seem confident that U.S. lawmakers would be able to reach an agreement before the Nov. 3 U.S. presidential election. In the afternoon, we have a speech by the chairman of the Swiss National Bank (SNB), Thomas Jordan, about possible stimuli of the SNB on the economy during the coronavirus.

USD / CNH found support at 6.6500

Due to the delayed package to stimulate the economy during the coronavirus and the global increase in the number of newly infected with the coronavirus, the dollar as a safe currency for investors came into force today. Looking at the graph, we can see that the value has broken the falling channel. Now our support zone is 6.68300-6.69960, above we look at the resistance 6.74100. A stronger CNY is generally good for the global economy. It makes it cheaper for foreign companies to sell their goods on the Chinese market, boosting export growth in economies like Germany and Asia and, to some extent, Lat. America supplies a lot of raw material to China. It strengthens global reflation as import prices increase in the rest of the world on more expensive imports from China, which is still a vital production hub. This is good news for economies such as the eurozone, which is struggling to get inflation rates up. A stronger CNY also defuses criticism in the US that China is trying to gain an advantage from a cheap currency, reducing the risk of adverse trade restrictions with China.