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 yen sat near a one-week high in forex and a steady U.S. dollar held commodity currencies in check. Worries about the growing number of virus cases tempered optimism around promising vaccine trials. At 104.14 per dollar, the Japanese currency has regained more than half of the losses it suffered last week. That was after …
Yen Recovers as Looming Winter Chills Vaccine Hopes Read More »
The dollar was down on Monday morning in Asia’s forex exchange. The ever-increasing number of coronavirus cases are counterbalancing hopes for a vaccine that works. Once available, it can kickstart the economic recovery from the virus. On Sunday in Asia, fifteen countries signed the Regional Comprehensive Economic Partnership (RCEP) trade deal. The agreement stimulates investors’ …
Dollar Down as COVID-19 Cases Continue to Rise Globally Read More »
The dollar fell on Tuesday morning in Asia’s forex exchange. News on Monday reported that a COVID-19 vaccine could become available relatively soon. This has raised optimism over global economic recovery. By 10:23 PM ET or 2:23 AM GMT, the US Dollar Index declined 0.22% to 92.632. This Index tracks the greenback against a basket …
Dollar Falls Over Growing Hopes on COVID-19 Vaccine Read More »
The dollar fell on Monday morning in Asia’s forex exchange, beginning its week with losses. Democrat candidate and former Vice President Joe Biden was declared the winner of the U.S. presidential elections. By 10:20 PM ET (2:20 AM GMT), the U.S. Dollar Index lost 0.14% to 92.168. It was barely above a ten-week low. Investors …
Dollar Falls, as U.S. Election Results Deliver Biden Victory Read More »
The U.K. has one of the largest economies in the world, but the state of its economy was far from being ideal even before the coronavirus pandemic. It is worth mentioning that the Bank of England is injecting another $195 billion into the country’s economy, after warning of a double-dip recession because of the pandemic …
How Coronavirus and Brexit Affected the UK Economy Read More »
Forex trading involves buying and selling currencies. A trader buys a currency and sells that later to get the profit from the price difference. Typically, currencies are traded in pairs, in which one currency is quoted against others. In currency pairs, you will get to see two currencies. The first currency is known as the …
The Ultimate Guide to the Most Traded Forex Pairs Read More »
The dollar was up on Monday morning in Asia’s forex exchange. The Nov. 3 U.S. presidential elections and growing number of coronavirus cases globally continue to weigh on investor sentiment. By 11:17 PM ET (3:17 AM GMT), the U.S. Dollar Index inched up 0.05% to 94.093. The currency held onto gains from the previous week. …
The dollar was down on Friday morning in Asia’s forex exchange. The euro hovered close to a four-week low against the dollar. This was over hints from the European Central Bank (ECB) that it could roll out further monetary easing by the end of the year. By 10:39 PM ET (2:39 AM GMT), the U.S. …
Dollar Drops, U.S. Election and Pandemic Concerns Cap Gains Read More »
The dollar was down on Tuesday morning in forex exchange as tensions between the U.S. and China rose. These concerns, coupled with worries over the COVID-19 resurgence drove the steepest stocks selloff in a month and a bond rally. By 10:31 AM ET (2:31 AM GMT), the U.S. Dollar Index edged down 0.11% to 92.942. …
The dollar edged higher in early European forex trade on Thursday. Traders cautiously studied the ongoing negotiations in Washington over a potential new U.S. stimulus package. The Dollar Index was up 0.1% at 92.713 at 2:55 AM ET (0655 GMT). It slightly rebounded after falling to its lowest level since Sept. 2 overnight. Elsewhere in …
The dollar was up on Tuesday morning in Asia’s forex exchange. Doubts over the status of the latest U.S. stimulus measures continue. Against the dollar, the Chinese yuan continued near a two-year high. Signs of economic recovery continue in China. By 10:09 PM ET (2:09 AM GMT), the U.S. Dollar Index inched up 0.05% to …
Dollar Gains Approaching Pelosi Stimulus Deadline Read More »
The dollar edged higher in early European forex trade on Monday. Disappointing Chinese GDP data weighed on risk sentiment, as traders were anxious about the U.S. political situation. The Dollar Index was up 0.1% at 93.8727 at 2:55 AM ET (0655 GMT). This was after a 0.7% rise last week when a global surge in …
Dollar Up on Chinese Data, U.S. Political Situation Read More »
The dollar rose on Tuesday morning in Asia’s forex exchange, despite edging closer to three-week lows. Some investors continue to hold onto hopes of large U.S. stimulus measures. They expect to prop up the COVID-19 ravaged economy after the presidential election on Nov. 3. Nikko Securities chief currency and foreign bond strategist Makoto Noji said …
Dollar Rises Despite Optimism on US Stimulus | Wibest Broker Read More »
The dollar rose on Monday morning in Asian forex exchange. Talks over the latest stimulus measures in the U.S. were struggling. The yuan plunged after the Chinese central bank announced measures to curb the currency’s strength. The U.S. Dollar Index climbed 0.10% to 93.108 rebounding from Friday’s losses, its biggest in six weeks. Forex investors …
Dollar Rises as U.S. Stimulus Talks Stall | Wibest Broker Read More »
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