What you need to know on Thursday, September 26
Publish Date : 2019/09/26 - 07:29

What you need to know on Thursday, September 26:

EUR/USD is fluctuating above the 2019 lows.

China began to buy more agricultural goods from the US and President Donald Trump said a deal is closer than you think. On the other hand, the US imposed sanctions on Chinese companies that traded with Iran.

Trump has been under criticized for asking Ukraine for political help against his potential 2020 rival Joe Biden. The Justice Department released the conversation of Trump and his Ukrainian counterpart, which is the trigger for Democrats' impeachment inquiry.

The UK parliament re-opened and PM Boris Johnson remained defiant despite his failure in suspending parliament. He challenged the opposition to opt for elections, while his rivals first want to see that a no-deal Brexit does not occur. UK-EU talks continue without a breakthrough on the Irish border. GBP/USD has been struggling.

NZD/USD has stood out with gains after Adrian Orr, Governor of the Reserve Bank of New Zealand, seemed to rule out further imminent rate cuts or unconventional monetary policy.

Oil prices continue sliding after further assurances from Saudi Arabia that production has returned to normal.

Cryptocurrencies have been consolidating their losses with Bitcoin trading around $8,300.

Source: Fxstreet

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