After boosting for three straight sessions, the U.S. dollar declined on December 23, as risk appetite increased on the expectation of an imminent Brexit trade deal between the United Kingdon and the European Union. The British pound and the euro took off versus the U.S. dollar after the Brexit headlines, as did risk-sensitive currencies such …
The U.S. dollar declined by 0.1%, euro rose 0.2% Read More »
On December 23, the euro increased to $1.22, and the greenback declined as foreign exchange traders looked beyond U.S. President Donald Trump’s threat to block an $892 billion coronavirus aid package. However, foreign exchange markets were little changed, with the greenback falling and currencies deemed riskier, such as the Australian dollar, making substantial gains. Significantly, …
The euro and pound increased, the dollar fell by 0.1% Read More »
The euro was down 0.31% and stood at $1.2209 at 0802 GMT. Meanwhile, the sterling was losing 0.33% at $1.3422 after a 2.5% decline during the previous trading session. Furthermore, the British sterling was also flat at 90.95 pence versus the euro after sustaining heavy losses amid the transport crisis on Monday. According to Ulrich …
New virus strain weighed on the euro and sterling Read More »
The U.S. dollar increased from two and a half year lows as uncertainties about an agreement on U.S. coronavirus aid and Brexit trade negotiations deflated investor confidence. On Friday, the U.S. congress seemed unlikely to agree on $900 bn in new coronavirus aid. They may pass a third stopgap spending bill to keep the government …
The dollar increased from two and a half year lows Read More »
On Friday, the U.S. dollar consolidated losses after a week of falls that pushed it to its lowest in two and a half years. The dollar index increased by 0.1% on the day to just short of 90. However, remained on track of a decline of above 1% over the week. Significantly, on December 17, …
The offshore yuan quickly lost an advance after hitting 6.5 per dollar. This level could be a new line for a currency set to climb for the third quarter. The yuan traded in the overseas market lost a gain of as much as 0.2% within 30 minutes. This came after the currency hit 6.5 in …
Yuan Reversal New Line of Resistance 6.5 per Dollar Read More »
The dollar declined near 2 1/2-year lows in forex on Wednesday. Progress toward a massive U.S. government spending bill and COVID-19 relief measures stimulated risk appetite. It is sapping demand for the safest assets. Also buoying sentiment was the U.S. expanding its roll-out of a vaccine from Pfizer Inc and German partner BioNTech SE. Another …
Dollar on the Defensive, Pound Buoyed by Brexit Hopes Read More »
Barclays plc is one of the most famous banks in the U.K. It is worth mentioning that, the U.K.’s Financial Conduct Authority (FCA) has slapped a fine of £26 million on three Barclays entities: Barclays Bank UK PLC, Barclays Bank PLC, as well as Clydesdale Financial Services Limited for mistreating financially struggling consumer. Based on …
The dollar headed lower in early European forex trade on Monday, in hopes for a fiscal stimulus package. Traders were looking forward to Congress finally agreeing on a fiscal stimulus package ahead of the Federal Reserve’s policy meeting. At 3:50 AM ET (0750 GMT), the Dollar Index was down 0.4% at 90.562. It was trading …
Dollar Weakens Ahead of Stimulus Talks; Pound Strengthens Read More »
The dollar was down on Friday morning in Asia’s forex after investors retreated from it. Hopes of a COVID-19 recovery are increasing and in effect, causing markets to be heavily short of dollars. After slumping on Thursday, the pound was up despite doubts on both sides about a resolution to the Brexit talks. It fell …
Dollar Down Over Growing Hopes for Coronavirus Recovery Read More »
The dollar was up on Thursday morning in Asia’s forex. The U.S. and the U.K. scramble to keep up with the deadlines for the stimulus and Brexit talks, respectively. By 9:44 PM ET (1:44 AM GMT), the U.S. Dollar Index inched up 0.05% to 91.075. It was just above the two-and-a-half-year low of 90.471 seen …
Dollar Up as U.S. and U.K. Scramble to Meet Deadlines Read More »
The dollar weakened in the early European forex exchange on Wednesday. Confidence surrounding U.S. fiscal stimulus and the vaccine rollout is growing and prompting traders to seek out riskier currencies. The Dollar Index was down 0.2% at 90.812, at 3:55 AM ET (0755 GMT). It is still only slightly above the recent 2 1/2-year low …
Dollar Weakens as Confidence in Stimulus/Vaccine Grows Read More »
The pound recouped some of its losses on Monday as UK Prime Minister Boris Johnson heads to Brussels. Johnson sets to travel in a last-ditch effort to broker a post-Brexit deal. GBP/USD slipped 0.28% to $1.3399, but the pair had been down more than 1% intraday. Boris Johnson and European Commission President Ursula von der …
Pound Recovers Some Losses as Johnson Sets for Brexit Meet Read More »
The dollar was on the back foot in forex trade on Monday. Soft U.S. jobs data further strengthened hopes for a fresh economic package. The Sterling eyed last-ditch Brexit talks between the United Kingdom and European Union. The dollar index stood little changed at 90.726. On Friday, it hit a 2 1/2-year low of 90.471. …
The dollar drifted lower in early European forex trade on Friday. It is on track for a loss of nearly 2% for the week. Heightened optimism that U.S. lawmakers will come together to agree on a new COVID-19 relief package boosts risk sentiment. The Dollar Index was down 0.1% at 90.638 at 3:55 AM ET …
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