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Coronavirus cases jumped to 300,000 in Poland

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OANDA:USDPLN   Dollar Américain / Zloty Polonais
Coronavirus cases jumped to 300,000 in Poland on Thursday after it had seen 20,156 new cases, a record the country has never seen. However, the Polish government is insisting on keeping it open. The market is projected to keep worrying about its country after the total number of infections turned out to be thrice as much as its previous record in less than a month. Although the pair’s 50-day moving average is still below its 200-day moving average, the former is arching up to the latter. This shows that the bulls are fighting to push the pair up as the world descends into risk aversion for the near-term market once again. Investors are also expected to be optimistic towards the greenback from its leap in gross domestic product announced yesterday as a result of the government injecting more than 3 trillion US dollars-worth of pandemic relief that fueled consumer spending throughout the third quarter.

𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐁𝐫𝐨𝐤𝐞𝐫𝐚𝐠𝐞 - 𝐒𝐭𝐨𝐜𝐤 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐅𝐨𝐫𝐞𝐱 𝐍𝐞𝐰𝐬 & 𝐅𝐨𝐫𝐞𝐱 𝐁𝐫𝐨𝐤𝐞𝐫𝐬
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