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 »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBP/CAD Investors shrugged off the rising cases of COVID-19 in Canada amid its promising outlook for ADP Nonfarm Employment Change in the coming months. On Monday, November 23, Canada had the biggest single-day increase …
Daily Market Charts and Analysis November 25, 2020 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 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 was down in the forex exchange on Wednesday. Sanguine hopes for a potential coronavirus vaccine was offset by worries about how the drug will be delivered. A surge of new infections is happening in the United States. The early optimism about vaccine testing helped the dollar up against the yen and the Swiss …
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 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 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 was down on Friday morning in Asia’s forex market. It continues a downward trend despite investors turning to safe-haven assets. The plunge was due to the surging number of global COVID-19 cases. Additionally, the U.S. Congress’ stall on passing further stimulus measures ahead of the Nov. 3 presidential election. The U.S. Dollar Index …
Dollar Down Over Pandemic Concerns, Stimulus Stalemate 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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