Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The dollar stabilized against most currencies on Monday, as investors were cautiously overwhelmed by pandemic concerns, while they also awaited more indications of a global economic recovery before taking their next steps.
With the market highly sensitive to any talk of an early easing of stimulus, US inflation data will be closely watched on Tuesday, ahead of Federal Reserve Chairman Jerome Powell’s testimony on Wednesday and Thursday.
The Chinese yuan rose slightly at 6.4735 against the dollar, as Chinese stocks and bonds rose.
The euro has stabilized against the dollar.
Meanwhile, the safe-haven Japanese yen hit 110.07 per dollar, versus Thursday’s one-month high of 109.535.
There was little change in the cryptocurrencies, as it amounted to Bitcoin amounting to 34 thousand and 431 dollars and the impact of 2154 dollars.
