The dollar headed for its worst week since September, while other risk-friendly assets from bitcoin to the Australian dollar maintained their recent gains buoyed by easing concerns about the severity of the new COVID-19 mutation. MSCI’s Asia Pacific shares outside Japan rose 0.2%, and Japan’s Nikkei rose 0.1% after the …
Read More »The Dollar Rises And The Turkish Lira Maintains Its Gains
The dollar rose on Wednesday, while the euro and riskier currencies such as the Australian dollar fell as traders braced for more volatility as well as the consequences of increased infections with the Omicron coronavirus. The Turkish lira stabilized and maintained its recent gains amid highly volatile currency trading this …
Read More »Dollar Settled And High-Risk Currencies Decline Due to Omicron’s Fears
Currencies including the Australian dollar and the British pound fell on Monday amid fears that further restrictions may be imposed in Europe to contain the mutated Omicron from the coronavirus. Investors shifted their focus to the potential impact of the rapid spread of the new mutation after the Netherlands imposed …
Read More »Dollar Struggles After Central Banks’ Plans to Halt Stimulus
The dollar remained under pressure on Friday at the end of a week in which major central banks revealed plans to halt their pandemic-era stimulus as the Bank of England surprised markets with an interest rate hike. After a turbulent week, the dollar index, which measures its price against a …
Read More »The US Dollar is at Its Highest Level in a Week
The US dollar rose to the highest level in a week against a basket of major currencies on Tuesday, December 14, supported by expectations of tightening from the US Federal Reserve at its meeting this week and the demand for safe havens amid continued uncertainty about the Omicron pivot from …
Read More »The Dollar is Rising And is Waiting For Positive Headlines
The dollar rose in early European trading on Monday at the start of a week that includes several central bank meetings, including the Federal Reserve. At the same time, concerns remain about the omicron mutating from Covid. The dollar index, which measures the greenback against a basket of six other …
Read More »Currencies Overview: The Focus is Back on Central Bank Policies
The euro, sterling, and dollar prices stabilized on Thursday on hopes that some COVID-19 vaccines could neutralize the coronavirus mutated Omicron, and analysts say attention is once again focused on monetary policy. Some concerns related to the emergence of the Omicron mutant were eased when BioNTech and Pfizer said three …
Read More »The Dollar is Rising as US Treasury yields Recover Some of Their Losses
The dollar rose slightly on Monday, with US Treasury yields rising from their lowest in two and a half months hit last week, after news that initial observations showed that people with the new mutant of the Coronavirus Omicron had only mild symptoms. News from South Africa’s Omicron helped turn …
Read More »Dollar Climbs as Investors Await US Jobs Data
The dollar rose on Friday against most major currencies, as traders positioned themselves ahead of the release of crucial US jobs data that could pave the way for an early Federal Reserve interest rate hike. The dollar index, which measures the performance of the US currency against six other major …
Read More »The Dollar is Declining, Looking For Positive Data
The US dollar index, which measures its performance against a basket of six major currencies, declined 16 points during today’s trading, to record 95.87 points, and traded during the day in a range between 95.87 and 96.14 points, thus 0.93% lower than its levels five days ago. The dollar received …
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