The US dollar index settled near its lowest level in two and a half years during trading on Monday after weak US jobs data. while the British pound fell as Britain and the European Union made a final attempt to reach a trade deal. In the US, jobs data on …
Read More »US Dollar Index Continues Moving Towards Its Two And a Half Year Low
The US dollar index on Monday, December 7, remained near a two-and-a-half-year low it reached on Friday, as weak US job data boosted expectations for economic aid, while the British pound fell as Britain and the European Union embark on a final attempt to strike a trade deal. Fears are …
Read More »US Economy Awaiting Stimulus Package After Job Numbers
The United States economy created a less than expected number of new jobs last month, as per data released on Friday. November saw the smallest increase in non-farm payrolls since in six months, or since the recovery from the Coronavirus crisis began. This comes amid an increase in the number …
Read More »Euro Breaking Through Resistance levels And Dollar Near Its Lowest Level in Two And a Half Years
Today, Friday, the euro is heading towards recording its best weekly performance in a month and breaching large previous resistance levels as investors flock to bet that the US dollar will decline further as the world begins emerging from the Covid-19 pandemic. And the single European currency is up 1.5% …
Read More »Nikkei Down From a Multi-Decade High on Concerns About Vaccine Supplies
The Japanese Nikkei index closed lower today, Friday, to retreat from near its highest level in 29 and a half years, as the risk appetite was negatively affected after the US drugmaker Pfizer said it had lowered the goal of distributing its anti-virus vaccine. The Nikkei index fell 0.22% to …
Read More »Dollar Falling to Its Lowest Level in Two And a Half Years Due to Hopes of Vaccine And Stimulus
The dollar fell Thursday, December 3, to its lowest level in two and a half years against a basket of currencies, as investors bet that more economic stimulus from Washington and expected to start distributing vaccines for Covid-19 will support high-risk assets. While US lawmakers have failed to reach an …
Read More »Dollar Drops to Its Lowest Price in Two And a Half Years
The dollar tumbled to a new level, its lowest in two and a half years, on Wednesday, under the weight of renewed expectations for a US fiscal stimulus. The market’s appetite for risk increased, bringing the dollar to its lowest level since April 2018, due to a proposed economic stimulus …
Read More »Biden’s Comments On The Trade Deal Halted Losses in The Dollar And Reinforced The Decline of Chinese Yuan
The dollar settled near its lowest level in two and a half years Wednesday, December 2, as investors assess the prospects for further fiscal stimulus in the United States, while riskier currencies held onto their gains as investor confidence improved. The Chinese yuan lost some of its gains in Asian …
Read More »Fed and Treasury Call for New Stimulus
The Chairman of the United States Federal Reserve, Jerome Powell, warned on Tuesday that the negative impacts from the Coronavirus pandemic could lead to greater inequality. Powell also called for greater government support, the New York Times reported. “There is a great risk of the pandemic making them worse,” Powell …
Read More »The Dollar is Giving Back Some of Its Gains as Focus Shifts to The US Fed Meeting
The US dollar, under pressure on Tuesday, December 1, gave up some of the gains it had made by the end of the month, as investors expect a further monetary easing from the US Federal Reserve and rallying recovery elsewhere. The Australian and New Zealand dollars, which are highly risk-sensitive, …
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