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 …
The dollar continues to head south in early European forex trade on Thursday. The prompting risk-on trades is caused by optimism over the rollout of vaccines and talk of new U.S. fiscal stimulus. At 3:55 AM ET (0755 GMT), the Dollar Index was down 0.2% at 90.925. It was trading around levels last seen well …
The dollar weakened in early European forex trade on Wednesday. Vaccine optimism and further fiscal stimulus talks from the United States encouraged higher-yielding currencies. At 3:55 AM ET (0755 GMT), the Dollar Index was down 0.2% at 91.157. It was hitting its lowest levels since April 2018. EUR/USD climbed 0.2% to 1.2081, its highest in …
The dollar dropped on Tuesday morning in Asia’s forex. It’s starting the new month on a lower note, having closed its worst month since July in November. The expectation of more monetary easing measures from the Federal Reserve, however, gives the greenback a boost. The U.S. Dollar Index Futures edged down 0.12% to 91.903 by …
Dollar Down, Hoping for More Fed Monetary Easing Measures Read More »
The dollar drifted lower in early European forex exchange trade on Monday. Vaccine optimism and expectations of more of Federal Reserve bounty see traders leave from the safe haven. The Dollar Index was down 0.1% at 91.705 at 3:55 AM ET (0755 GMT). It‘s down to its lowest level since April 2018. Also, it’s set …
The dollar weakened in early European forex trade on Friday. It was set to post weekly losses with traders anticipating large-scale stimulus from the new administration in fighting the pandemic. The Dollar Index was down 0.1% at 91.892. It was near the three-month low since late Thursday at 3:55 AM ET (0755 GMT). Until after …
Dollar Weakens; Hopes on Stimulus to Combat Pandemic Read More »
The dollar was on the defensive on Thursday in forex exchange. Downbeat U.S. economic data and optimism about COVID-19 vaccines prompted investors to seek out riskier assets. These assets are tied to global commodities and emerging markets. The British pound traded near a more than two-month high against the greenback. Investors will be bracing for …
Dollar Losses Pause but Long-term Outlook Tilts towards Lows Read More »
This week, more precisely on Tuesday, Texas State Securities Board (TSSB) issued a cease and desist order against ‘TradeGo Forex Exchange’ as well as three individuals involved in a phony FX trading scheme. It is worth noting that, by order of the Texas Securities Commissioner, shut down TradeGo operations on charges of defrauding people by …
Texas State Securities Board vs TradeGo Forex Exchange Read More »
The dollar declined on Tuesday morning in Asia’s forex exchange and riskier currencies were boosted. This came as U.S. President-elect Joe Biden is set to nominate Janet Yellen as the Secretary of the Treasury. By 10:02 PM ET or 2:02 AM GMT, the U.S. Dollar Index dropped 0.03% to 92.487. The dollar hit its lowest …
Dollar Down Over News on Election Clarity, COVID-19 Vaccine Read More »
The U.S. dollar eased on Monday in forex exchange. The prospect of an early rollout of COVID-19 vaccines offset worries about economic restrictions to control the pandemic. This favors risk assets for the moment. In Japan, a holiday kept most major currencies contained. The New Zealand dollar, though, stormed to a two-year high of $0.6962. …
Dollar Stuck Near Support, NZ$ Storms to 2-year High Read More »
The dollar halted its slide in forex exchange on Friday. This came after the U.S. Treasury Secretary Steven Mnuchin’s call to end some of the Federal Reserve’s pandemic lending. It was derailing a risk rally and surprising investors who had counted on the Fed’s support. Mood was previously positive as the U.S. Senate Republican and …
Dollar Halts Slide as Mnuchin Calls an End to Fed’s Lending Read More »
The dollar nursed losses on Thursday after five sessions of declines. Investors’ optimism about COVID-19 vaccines collided with worries about rising infections. Their enthusiasm ran into concerns about the risks to the fragile global economic recovery. Small gains against most major currencies helped the dollar from Wednesday’s eight-session low. However, it remained near the month’s …
Falling Dollar Steadies as Virus Worries Continue Read More »
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