Tag Archives: Euro

The dollar rose on Thursday, January 7, hovering above its lowest level in nearly three years, after the Democrats won control of the US Senate, paving the way for a possible greater fiscal stimulus under President-elect Joe Biden. Currency markets were not affected much by the scenes of chaos in …

The negative moves continue to dominate the euro’s trading against the US dollar, surpassing the first target required to be achieved yesterday, located at 1.2330, to hit its highest level during the previous session at 1.2350. From the angle of technical analysis today, we find that the RSI indicator is …

The dollar fell on Wednesday as Democrats advanced in the run-off election that will determine who will control the US Senate and could pave the way for lavish spending under the administration of President-elect Joe Biden. The euro crossed a major resistance level, reaching a 32-month high, while the US …

The single European currency was able to touch the first official leg mentioned in the last report located at a price of 1.2300, to record its highest level during the previous session’s trading session at 1.2326. Technically, and with a closer look at the 60-minute chart, we find that the …

The dollar fell against a basket of major currencies on Tuesday after China raised the official exchange rate of the yuan to its highest level in 30 months, boosting demand for other currencies. The Bank of China set the official midpoint of the yuan at more than 6 per dollar …

Trading in Euro-denominated shares has moved on Monday from London to new platforms in the European Union (EU), after the completion of the Brexit and the United Kingdom (UK) leaving the European single market, Reuters reported. Banks and asset managers operating in member countries of the EU must use a …

Today, Monday, the US dollar sat near its low level in mid-2018, after the optimism in global markets prompted investors to buy high-risk currencies such as the Chinese yuan, despite a renewed rise in infections due to the Corona virus pandemic. The dollar has taken a declining path due to …

Positive trading dominated the EUR/USD with the conclusion of last year’s dealings, touching the psychological barrier of 1.2300. Technically speaking, and with a closer look at the 60-minute chart, we find the euro stable above the support floor of 1.2200, and the 50-day moving average continues to hold the price …

The dollar fell to its lowest level in several years against many currencies on Wednesday, December 30th, as dealers bypassed a new delay in approving monetary stimulus in the United States and continued betting on the possibility of additional financial aid. The dollar hit its lowest level in more than …

The dollar was not affected much after US President Donald Trump did not implement his threat to block an aid package for those affected by Covid-19 amid weak trading Monday due to holidays. The pound sterling hovered below its highest level in two and a half years in Asian trading, …