Category: Forex news

According to the latest news, concerns about extended lockdowns weakened sentiment towards the euro. Hence, the euro struggled at seven-week low versus the greenback. According to data, retail sales in Germany, Europe’s biggest economy, increased

On Monday, the U.S. dollar lost strength as risk sentiment improved. It was made better by optimism that retail investors who targeted hedge funds last week had directed their visions elsewhere. The American currency fell

According to the latest news, riskier currencies such as the commodity-link Canadian dollar, Australian dollar, and the Norwegian crown declined to multi-week lows versus the American currency. Significantly, souring risk sentiment in global markets increased

On Wednesday, the U.S. dollar increased versus a basket of currencies. At the same time markets waited for comments from Federal Reserve Chair Jerome Powell, who is likely to renew a commitment to the ultra-easy

On January 26, the U.S. dollar increased as boosting COVID-19 infections and doubts over the spread and size of U.S. stimulus tempered traders’ upbeat mood. Furthermore, investors were wary ahead of the Federal Reserve’s policy review later

The U.S. dollar stabilized on December 25 after a recent drop. New worries about the COVID-19 and the global economy prompted investors to hang on to the safe-haven currency. According to analysts, the U.S. dollar

After three straight days of dip, the U.S. dollar stabilized on January 22, while other riskier currencies lost out. The American currency had dropped versus a basket of other currencies for the past three sessions.

Before a meeting of the European Central Bank on Thursday, the euro rose. The dollar decreasing against major peers as plans for a massive U.S. stimulus package fuelled market optimism. It also weakened the demand