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 »
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 »
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 »
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 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 »
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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 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 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 »
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