Market News and Charts for October 20, 2020

EUR/CHF

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USD/CZK

The pair will break down from an uptrend channel assistance line, sending the set lower towards its May 2020 low. A hard Brexit could cost the British economy of around $25 billion by 2021. It is already contributing $17 billion to the EU budget plan in 2019.

Swiss francs safe-haven status might be removed again after Switzerland published the greatest average everyday increase in brand-new regional cases of 146.0% over the previous week. Currently, reports have actually revealed that the European area is struggling to recover from the pandemic. Switzerland published a reduced surplus for its trade balance report.

EUR/GBP

The CPI MoM report handled to pull itself after it grew by 0.2% from the decrease of -0.3% for the month of August. The nations year-over-year figure for CPI made a small enhancement from -0.5% to -0.4% for September. Poland, Hungary, and Czech Republic posted 3.8%, 3.4%, and 3.3% inflation, respectively.

The CPI MoM report handled to pull itself after it grew by 0.2% from the decrease of -0.3% for the month of August. The countrys year-over-year figure for CPI made a minor enhancement from -0.5% to -0.4% for September. Poland, Hungary, and Czech Republic published 3.8%, 3.4%, and 3.3% inflation, respectively. Exports made a substantial jump from -14.8% in last months report to -4.9% on Sundays report, October 18. In last weeks report, October 13, Germany posted a disappointing CPI MoM and YoY figures of -0.2% and another -0.2%

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EUR/JPY

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