FX MARKET REPORT 13.08.2020
GBP/USD snaps two-day losing streak, capped around 1.3075 off-late. GBP/USD faces strong resistance at 1.3115. Germany’s new cases continue to rise by over 1000. Germany’s Health Minister Jens Spahn: we are worried about the rise in the coronavirus cases but are confident about the health system. EUR/USD is off the highs but trades well bid above 1.1800 amid a broadly weaker US dollar and negative Treasury yields.Dollar Index was down 0.3% at 93.157. USD/JPY was down 0.2% at 106.72.