Foreign exchange market continued consolidation

There were no major changes in the currency market last week. The U.S. dollar depreciated in the first half, but regained some of its lost positions in recent days. The bad news continued to dominate the market last week, with addition of car rental giant Hertz to the list of retailers in restructuring process - JCPenney, Neiman Marcus and J. Crew. It is a company with a history of more than 100 years, with about 38 thousand employees, whose activities were severely affected by the virus and quarantine, and the suspended activities did not allow it to settle with creditors, so a debt restructuring procedure was announced. This is another example that the current economic situation is very difficult in the country and even the largest companies are facing significant difficulties in meeting their obligations and keeping jobs.Disclaimer:This podcast is produced for a global audience and does not contain and should not be construed as containing investment advice, investment recommendations, an offer or solicitation of any transaction in financial instruments. Please note that this trading analysis is not a reliable indicator of current or future performance as circumstances may change over time. Before making any investment decisions, you should seek independent financial advisors to help you understand the risks.Forex & CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this providerRead more at https://admiralmarkets.com.