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Daily Recap: Wednesday, September 2, 2020

The US Dollar (USD) showed strong recovery signs on Wednesday from near its lowest level in two years on the back of strong economic data in the US, coupled with the decline of the Euro with a surprise decline in German retail sales, and the Sterling Pound, with the British policy makers expressing doubts about the recovery to MPs.

Gold failed to capitalize on the rising reports signaling economic uncertainty, while oil prices declined despite an expected fall in US crude inventories, while stock markets achieved strong gains. Here is the daily recap of today’s top stories:

Forex:

Commodities:

Stocks:

Remarks:

Economic Data:

News:

Reports:

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