Interestingly, it took several attempts for the euro to surpass $1.22. Moreover, the Australian dollar exceeded $0.08000 as the U.S. dollar remains under pressure against the major currencies. The only major currency which is struggling against the greenback is the Japanese yen. Interestingly, rising yields in the U.S. and Europe have depleted many of the …
U.S. Dollar Continues to Decline Against the Canadian Dollar Read More »
The U.S. dollar struggled at multi-year lows against the Australian dollar and other currencies as well as held near a one-month low versus the euro as the reflation trades affected the currency markets on February 24. Interestingly, the British pound surpassed $1.42 overnight for the first time since April 2018. It is worth noting that, …
British Pound Surpassed $1.42 for the First time in Years Read More »
The U.S. Dollar declined briefly to the lowest level since January 13 on Tuesday as investors’ attention shifted to how the U.S. Federal Reserve chief might respond to resurgent inflation expectations. At the same time, commodity-linked currencies hovered near multi-year highs. Interestingly, the recent rise in inflation expectations as investors bet on a post-pandemic economic …
Dollar Fell to the Lowest Point for a Short Period of Time Read More »
The Australian Dollar was introduced in 1966 and is one of the most traded currencies in the world. People should keep in mind that, the Australian Dollar surged to its highest level in three years against the U.S. Dollar early Monday as progress in restraining coronavirus infections boosted sentiment for riskier assets. The Australian Dollar …
Australian Dollar Jumped to its Highest Point on Monday Read More »
Let’s start with great news. Bitcoin reached another all-time high on Friday, as the largest cryptocurrency has the chance to become a trillion-dollar asset. Importantly, a recent price explosion in the Bitcoin market pushed its costs to over $52,000 per token, more than double its December 2020 nadir. Interestingly, Bitcoin’s meteoric rise also sent its …
Bitcoin Broke a Record and Dollar Traded Below 10-day High Read More »
Interestingly, after a strong decline, the U.S. Dollar found support near 0.8870 against the Swiss Franc. It is worth noting that USD/CHF exceeded the 0.8920 resistance. This is not the end of the story as it could face hurdles near 0.9000. Let’s have a look at the 4-hour chart. As can be seen from the …
U.S. Dollar Strengthened its Position Against Swiss Franc Read More »
It was a great day for the U.S. dollar. It is worth mentioning that, the currency of the biggest economy of the world held the upper hand against low-yielding currencies on Wednesday. People should take into account that, the dollar reached the highest point against the yen in five months as U.S. bond yields jumped …
Dollar Reached the Highest Level Against the Yen Read More »
The United States Dollar declined on February 16, as vaccine optimism lifter the sterling to an almost three-year high. Moreover, boosting oil prices and buoyant expectations for global rebound supported commodity-linked currencies. Furthermore, in trade thinned by Lunar New Year holidays in China and Monday’s U.S. holiday, the positive mood also declined safe-haven yen. It …
Dollar fell, the pound rose, euro was steady at $1.2132 Read More »
On February 15, the British pound increased over $1.39 for the first time in nearly three years, boosted by broad-based greenback weakness and by optimism for the end of a third national lockdown. The pound has been a key gainer versus a struggling U.S. dollar this month. The aggressive rollout of the coronavirus vaccination program …
The British pound declined below $1.38 versus the greenback. However, it was steady versus the euro in early London trading on Friday. The moves came as data revealed that the United Kingdom’s economy suffered a record slump in 2020. However, it increased in the last quarter. Britain’s economy declined by 9.9% in 2020, which is …
The pound declined below $1.38 against the dollar Read More »
On February 11, the U.S. dollar traded near two-week lows on a holiday-thinned Asia session. Furthermore, soft U.S. inflation and FED’s promise to keep rates low reinforced anticipations of meager returns from the reserve currency. The risk-sensitive currency, the Australian dollar, stood below a two-week low hit overnight. Meanwhile, the euro stood at $1.2119, close …
The Dollar Stands Near Two-Weeks Low, the Pound Boosted Read More »
Risk-sensitive currencies, the Australian and New Zealand dollars, consolidated recent gains on February 9. Furthermore, a run of upbeat domestic data kept bold yields raised, while optimism on the global outlook declined the greenback. Improved market sentiment and optimistic economic surveys shifted the risk-sensitive currencies to multi-week highs. The Australian dollar increased by 0.32% and …
The Australian and NZ dollars rose to multi-week highs Read More »
According to the latest news, the British pound reached its highest level versus the U.S. dollar since April 2018. The sterling was trading below eight-month highs versus the euro on February 9. Analysts say that the United Kingdom’s lead in coronavirus vaccinations was a positive for the currency. The British currency reached $1.3788 versus the …
The pound hit its highest level versus the dollar since 2018 Read More »
On February 8, risk-sensitive currencies, the Australian and New Zealand dollars, traded water. Moreover, positive market sentiment was weakened by disappointing reports about the efficacy of coronavirus vaccines against new strains of the disease. On Monday, the Australian dollar starting the week slightly lower. However, it increased as much as 0.03%. By midday, the currency …
The Australian dollar rose 0.03%, the Kiwi stood at $0.7199 Read More »
The U.S. dollar witnessed its best weekly gain in three months on February 4. The American currency was lifter by rising confidence that the U.S. economy rebound will outpace global peers. The dollar index was close to the two-month high hit overnight amid signs of resilience in the labour market, with closely observed nonfarm payroll …
The U.S. dollar saw its best weekly gain in three months Read More »
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