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
The euro fought to join a broader risk rally against the dollar on Wednesday. Analysts stated the risk of extended lockdowns in Europe to combat the spread of coronavirus. The continent’s delay in a vaccine rollout
The U.S. dollar held gains on January 18. The Japanese yen boosted as softening U.S. economic data, and increasing global COVID-19 cases kept investors cautious. Meanwhile, lockdowns and Italian political turmoil held the euro under pressure. Notably,
According to analysts, a Brexit trade deal and consistent foreign fund inflows will cause further appreciation in Indian Rupee as the currency ends 2020 on a high note. The rupee has been weak in 2020.
According to analysts, we will go through a global economic rebound next year. Therefore the U.S. dollar will witness more downward pressure. Currently, investors choose riskier assets, and the FED keeps rates near zero. Many
The major Asia-Pacific currencies declined as the greenback strengthened. Some volatility made the Japanese Yen a less-attractive safe-haven while declining demand for the higher-risk Australian and New Zealand Dollars. There was little domestic data in
On December 31, the U.S. dollar ended 2020 in a downward spiral. Therefore, investors bet that a global economic recovery will suck money into riskier assets. The euro stood at $1.2291, having reached its highest
Have The Best Of Trade Market News Delivered Directly To Your
Mailbox. Subscribe To Receive The Latest Market News.
Disclaimer:
TradeMarketNews.com provides information and news solely for reference purposes. The accuracy, relevance, and completeness of any information and news may vary and cannot always be guaranteed. Readers are responsible for their use of such data (as stated in the ToS) and its appropriateness for the user.
Email: [email protected]
Connect with: trademarketnews
