The U.S. dollar recovered some losses on Tuesday after plunging to almost two-week lows. Investors consolidated positions after a selloff overnight due to short-term optimism about the outlook for the U.S. economy. The dollar lowered recently as hedge funds cut their long positions on the currency in April. Even though the U.S. jobs report on …
U.S. Dollar Rebounded on Tuesday. Will It Continue Gaining? Read More »
The U.S. dollar rallied against major currencies on Tuesday, skyrocketing to a one-year high against the yen. Faster U.S. vaccination rollout, along with plans for a major stimulus package, boosted inflation expectations and Treasury yields, causing the currency’s surge. Traders flocked to the safe-haven dollar found after digesting the fallout from the plunge of highly …
U.S. Dollar Hit a One-Year High Against the Japanese Yen Read More »
The U.S. dollar skyrocketed almost to the multi-month highs against major currencies on Friday. Positive sentiment over-improving U.S. economic data and soaring Treasury yields, along with COVID-19 vaccines’ rollouts, supported the currency. Meanwhile, the Euro recovered some losses, rising slightly ahead of German business sentiment due later today. However, it seems the rebound was short-lived as the …
U.S. Dollar Hit Record Highs on Friday. How Did Others Fare? Read More »
The Turkish Lira plunged as much as 15% after President Recep Tayyip Erdogan fired Naci Agbal, the country’s central bank governor, last Saturday. The U.S. dollar continued rising on Thursday after skyrocketing to a four-month high against the Euro during the Asian session. Traders focused on various recovery outlooks for the United States and Europe. …
Turkish Lira Remains Low. What About the Dollar and Euro? Read More »
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