The U.S. Dollar increased to its largest in two-months versus the euro and yen as data pointed to an improvement in the U.S. economic outlook. At the same time, risk appetite in global stock markets eased off. U.S. Treasury yields boosted after ADP payroll data revealed an uptick in employment on Wednesday. Moreover, ISM data …
The dollar boosted against the euro and yen; the Aussie rose Read More »
The British pound reached an eight-month high versus the euro, however, declined against the American currencies. The changes came as analysts warned the BoE could potentially leave the door open for negative rates. The sterling has boosted amid hopes over U.K.’s lead in vaccinations against the coronavirus pandemic. Furthermore, analysts pinning their hopes on a …
The sterling hit an eight-month high against the euro Read More »
The U.S. dollar increased to near a seven-week high on February 2. The American currency largely benefited from a euro selloff overnight after COVID-19 lockdowns choked consumer spending in Europe’s biggest economy. On Monday, the euro declined the most in two and a half weeks. This comes after data revealed German retail sales dropped by …
According to the latest news, the sterling increased to its highest versus the euro since 2020. The British pound rose close to recent three-year high versus the American currency. It was grown by a combination of heightened global risk appetite and hopes over Britain’s coronavirus vaccine rollout. Furthermore, riskier currencies booted versus the greenback. The …
The U.S. dollar remained on the back foot on January 29 as an imptovement in risk appetite sapped for the safest assets. The U.S. dollar index was slightly changed at 90.566 early in the Asian day. Significantly, it declined by 0.1% overnight. The American currency is still on track for a 0.4% weekly advance following …
The U.S. dollar index has slightly changed at 90.566 Read More »
The U.S. dollar extended gains versus most currencies as stock market rout triggered by concerts about excessive valuations increased safe-harbour demand for the American currency. Meanwhile, the euro nursed losses after the European Central Bank member warned that interest rate cuts are possible to curb the euro’s recent gains. Risk-sensitive currencies, like the Australian and …
The U.S. dollar extended gains versus most currencies Read More »
On Wednesday, the British pound increased over $1.37 ahead of comments from Federal Reserve Chair Jerome Powell. Meanwhile, the United Kingdom’s coronavirus vaccine rollout also offered support to the sterling. Hopes of a large U.S. fiscal stimulus package has fuelled risk sentiment in markets in recent weeks, benefiting sterling. Market participants are expecting Powell to …
The pound increased, the dollar fell, Aussie and kiwi rose Read More »
The British pound strengthened on January 26 as investors returned to risk assets on optimism for more stimulus in the U.S. Furthermore, the United Kingdom’s coronavirus vaccine rollout push over the weekend also offered support to the sterling. Remarkably, the U.K.’s coronavirus vaccine rollout gathered pace on Saturday, with 5.9 million people now having had …
On Monday, a recovery in global market sentiment weighed on the dollar, while other riskier currencies strengthened. Significantly, the optimism about U.S. President Joe Biden’s stimulus plans took precedence over the impact of coronavirus. Additionally, market sentiment had become more cautious at the end of the past week as European economic data revealed that lockdown …
A recovery in global market sentiment weighed on the dollar Read More »
The euro boosted on Thursday after the ECB stuck to its monetary policy. The expectation of a massive U.S. stimulus package fuelled market optimism and weakened demand for safe-haven currencies like the greenback. The euro boosted by 0.4% versus the American currency. It traded at $1.2153 a few minutes after the European Central Bank lefts …
The euro boosted by 0.4% versus the U.S. dollar to $1.2153 Read More »
According to the latest news, EUR/USD is trying to get back above the resistance at 1.2130, while the United States dollar is losing ground versus a basket of other currencies. The greenback index fell below the support at the 20 EMA at 90.35. The American currency is slowly moving towards the 90 level. Significantly, if …
The dollar fell below the support at the 20 EMA at 90.35 Read More »
According to the latest news, the British pound declined against a strengthening euro. It increased against a weaker U.S. currency ahead of U.S. Treasury Secretary nominee Janet Yellen’s testimony before Congress. The U.S. dollar declined, giving the British pound a lift of 0.1% to $1.3601. The euro strengthened on the weakening greenback however it dropped …
British pound declined against a strengthening euro Read More »
On December 29, the U.S. dollar reached more than two and a half year low and risk-sensitive currencies, The Australian and Canadian dollars boosted as optimism that U.S. lawmakers would expand stimulus payments to individuals increased risk sentiment. Remarkably, the House of Representatives voted on December 28 to more than triple stimulus payments to Americans, …
The dollar fell amid expectations of stimulus payments Read More »
On December 28, the rupee appreciated 6 paise to close at 73.49 against the U.S. dollar, tracking weakness in the American currency and positive domestic equities. According to traders, the sustained foreign fund inflows also boosted the rupee. At the interbank forex market, the domestic unit opened at 73.52 versus the greenback. Its intraday high …
The euro, the Australian and New Zealand dollar all posted more than two-year highs versus the struggling dollar. Investors are betting that an improving economic outlook as coronavirus vaccines are rolled out and unprecedented fiscal and monetary stimulus will boost global growth and asset prices in 2021. Moreover, U.S. economic growth is likely to drag …
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