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 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 »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPCHF Overall weakness in British fundamentals will be its major driver. The United Kingdom is projected to suffer over the recent veto from Hungary and Poland, affecting the deal on trade talks as the …
Daily Market Charts and Analysis November 19, 2020 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 »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURAUD Heightening trade risks between Australia and China have been leading uncertainty for the Aussie dollar, now that Australia’s economy is on track to struggle even through the next year. Trade Minister Simon Birmingham …
Daily Market Charts and Analysis November 06, 2020 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 Hong Kong dollar strayed away from the strong end of its trading band. It’s the first time the currency moved downtrend since Ant Group Co.’s initial public offering was mooted two months ago. The HK dollar fell as much as 0.05%, the most since June 16, to 7.7536 against the greenback. Ant has halted …
HK Dollar Declines Most Since June After Ant Closes Books 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. …
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