Tag Archives: currencies

Riskier currencies like the Australian dollar surged on Tuesday (November 24th) after US President Donald Trump authorized the transfer of power to President-elect Joe Biden. The New Zealand dollar was one of the biggest gainers, up by 0.9%, rising to its highest level in two years at $ 0.6985, after …

The dollar rose today, Friday, against a basket of currencies in early trade in London, reversing its downward trend when US Treasury Secretary Stephen Mnuchin called for an end to some emergency lending by the Federal Reserve (US Central Bank). Mnuchin’s move reallocates about $ 455 billion directed to the …

The dollar rose Thursday, November 19, as widespread optimism about COVID-19 vaccines met with concerns about rising numbers of cases and risks to a fragile global economic recovery. The dollar has also been caught between opposing powers, as it received support from seeking safe haven purchases while fresh speculation about …

The dollar stabilized against most currencies on Tuesday, November 17th, as the return of restrictions in some US states and concerns about a smooth transfer of power to President-elect Joe Biden dispelled optimism about a coronavirus vaccine. Meanwhile, the British pound rose thanks to media reports that Britain might reach …

The dollar fell on Friday and risk appetite dwindled in currency markets, as concerns about the economic consequences of the spike in COVID-19 cases in Europe and the United States dampened initial enthusiasm about a possible vaccine. Global markets rose on Monday after Pfizer said its experimental vaccine was more …

The dollar held on to its gains in general Thursday, November 12, as investors trimmed their optimistic expectations about the Covid-19 vaccine, which is unlikely to prevent a bleak winter in Europe and the United States with the escalation of the second wave of the pandemic. The dollar index rose …

The dollar incurred losses on Wednesday, November 11, as concerns about how the Covid-19 vaccine would be distributed over optimism about it, as well as the growing number of infections with the Coronavirus that causes the disease in the United States. The New Zealand dollar recovered from initial losses to …

There was no change to NFIB US Business Optimism Index, which stood at 104 in October of 2020, the same figure as the previous month. While it came higher than market expectations, which settled at 102.2. The last two readings are the highest since January and are among the highest …

The dollar reached its lowest level in ten weeks on November 9 as investors heralded the election of Joe Biden as President of the United States by buying currencies exposed to trade thanks to expectations that a quieter administration in the White House will boost global trade and that monetary …

The dollar stabilized against several currencies on Friday, but traders say it is likely to incur more losses as the controversial US presidential election dashes hopes of a major stimulus to support the economy anytime soon. Investors are betting that Democratic candidate Joe Biden will become the next president, but …