Forex

Dollar

U.S. dollar fell to record lows. What caused its weakness? 

The U.S. dollar plummeted down at multi-year lows versus the Antipodean currencies on Wednesday. It also remained near a one-month low against the euro due to reflation trades, which gripped the forex markets today.   On Tuesday, Federal Reserve Chair Jerome Powell declared that U.S. interest rates would remain low. Furthermore, the agency will continue …

U.S. dollar fell to record lows. What caused its weakness?  Read More »

british pound

British Pound soared on Tuesday while Dollar remained steady

The U.S. dollar was steady in early European trading on Tuesday. The currency fluctuated slightly, remaining primarily unchanged. However, it had tumbled down to a near six-week low during the previous session. Federal Reserve Chairman Jerome Powell was due to speak at his semi-annual testimony at Congress. While investors awaited his speech, they rallied the …

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Dollar

Dollar strengthened against other currencies. Why’s that? 

The U.S. dollar fluctuated during February. It had traded in the red for a lengthy period until the currency surged higher at the end of the last week. On Monday, the dollar continued its ascent in early European trading. It soared to a degree after tumbling down to multi-year lows against several major currencies as COVID-19 …

Dollar strengthened against other currencies. Why’s that?  Read More »

forex, plus 500

Plus500 has strong 2020 revenue. What are brokerage’s plans?

CFD trading platform Plus500 released its preliminary results for 2020. The revenue is stronger than expected. While the Israel-based broker showed a somewhat dull fourth quarter due to the pandemic crisis, it still boasted significant financial year growth. Overall, Plus500 reported $91.9 million for the fourth quarter with a 4% decline versus Q4 of 2019. …

Plus500 has strong 2020 revenue. What are brokerage’s plans? Read More »

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