U.S. Dollar Toward Tapering
On Monday, the dollar was trading at multi-week lows as Federal Reserve Chair Jerome Powell sketched out a slower-than-expected path to rate hikes. At the same time, a hurricane pounding oilfields in the Gulf of
On Monday, the dollar was trading at multi-week lows as Federal Reserve Chair Jerome Powell sketched out a slower-than-expected path to rate hikes. At the same time, a hurricane pounding oilfields in the Gulf of
The U.S. dollar remained steady on Monday, trading near two-week lows. The U.S. Federal Reserve chief Jerome Powell stated that there is no hurry to dial back on the massive stimulus during Friday’s conference. The
The U.S. dollar remained steady on Friday after gaining a modest amount during the previous session thanks to fresh calls for early tapering from a few hawkish Fed policymakers. However, today traders awaited a highly
The U.S. dollar continued to rally, soaring from one-week lows on Thursday. U.S. Treasury yields climbed up above 1.34% today, supporting the currency. The forex market was mostly subdued during the last session, with traders
The U.S. dollar surged forward on Wednesday. It exchanged hands above a one-week low against major currencies amidst concerns that the highly contagious Delta Covid-19 variant could hinder a global economic recovery. However, after the
The U.S. dollar steadied on Tuesday. It remained near the previous session’s five-day low, however. On the other hand, the New Zealand dollar surged forward after hawkish comments from the central bank. Forex markets seem
The U.S. dollar tumbled down from more than nine-month highs against other major currencies on Monday. Asian stocks rallied, boosting sentiment on the markets even though the Delta coronavirus variant continues spreading rapidly. During today’s
On Wednesday, the dollar was just below this year’s high against the euro. It hit a five-week high against the yen ahead of U.S. inflation data. It is possible that a substantial number would put
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