The dollar rose on Monday, as Traders proceeded to be cautious due to the increasing cases of Coronavirus in Europe and the United States, as well as the lack of progress in the US economic stimulus package. US House of Representatives Speaker Nancy Pelosi said on Sunday that she expected …
Read More »US Dollar is Stable After US Election Debate And Heading For a Weekly Loss
The dollar stabilized against most currencies on Friday after a balanced presidential debate in the United States but is heading towards a weekly loss as investors await stimulus talks in Washington and post-Brexit trade negotiations. US President Donald Trump adopted a more conservative tone compared to what he was in …
Read More »US Dollar Recovering From Its Lowest Level in Seven Weeks
The dollar recovered from its lowest level in seven weeks, receiving some support after hopes for a fiscal stimulus package in the United States before the November elections collapsed. Progress towards a stimulus agreement in the United States was supporting sentiment in global markets and raising demand for riskier assets …
Read More »US Dollar Falling to Its Lowest Level in a Month on Hopes of US Stimulus
The dollar fell to its lowest level in the month of Wednesday after US President Donald Trump raised hopes for a major fiscal stimulus package, sparking a wave of optimism in the market that saw traders turn to bet on higher-risk currencies. Negotiations between US lawmakers have continued in Washington …
Read More »Dollar Heading For a Weekly Gain as Recovery Faltered by The Pandemic
The yen rose and the dollar is heading to achieve its best weekly performance this month today, Friday, as the rise in cases of Coronavirus and the stalled progress towards providing American stimulus caused investors’ appetite for safe assets. In light of the application of new restrictions to combat the …
Read More »Australian Dollar at lowest Level in a Week And Risk Aversion Supports USD
The Australian dollar fell to its lowest level in a week after the head of the central bank hinted at a possible rate cut or bond purchase. In general, the atmosphere of risk aversion kept the US dollar supported and the rest of the major currencies on the defensive, unlike …
Read More »Dollar Gains Halted And Risks Drive Speculators Away
The dollar held on to its gains against most currencies on Wednesday, with renewed doubts about the Corona virus vaccine and the absence of an agreement on an additional financial stimulus package in the United States, which pushed dealers towards safer assets. There was no significant change in the yuan’s …
Read More »US Dollar Rising And Yuan is Falling, After China Watches The Currency’s Rise
The dollar rose from its lowest level in three weeks on Tuesday, as traders in the market returned to buying it, especially against the counterpart currencies of higher risk, after it appeared that the Chinese authorities are seeking to curb the gains in the yuan that recorded recently. The Australian …
Read More »The Dollar Settling Near 3-Week Low as Markets Bet on a US Stimulus
The dollar settled near a three-week low on Monday amid optimism about the fiscal stimulus in the United States, while the yuan fell after the Chinese central bank changed its policy on currency reserves. The dollar index stabilized after it witnessed the biggest loss in six weeks on Friday, when …
Read More »Dollar Stabilizes as Anger Over Trump’s Stimulus Stance Dissipates
The dollar held steady on Wednesday as it tipped lower against most currencies after initially jumping after President Donald Trump canceled talks on economic stimulus with Democratic lawmakers in a move boosting demand for safe-haven assets. Trump’s sudden decision to suspend stimulus talks until after the Nov. 3 presidential election …
Read More »