The U.S. dollar traded near to fresh year-to-date highs on Wednesday. Concerns about rising Covid-19 infections along with higher interest rate expectations boosted greenback gains. However, investors are now waiting for the European Central Bank’s meeting due on Thursday for their next clue. The euro plummeted down to its lowest level since April on Tuesday, …
Dollar hit new highs Wednesday. Will it continue rallying? Read More »
On Wednesday, July 21, U.S. stocks climbed despite fears of surging infections due to the Covid-19 delta variant. An analyst stated that the investor’s decision today is due to an over-correction made yesterday. Last Tuesday, the global stock market, including all of Asia, the EU and the U.S., crashed. Analysts described this as an overreaction …
U.S. Stocks Climbed Despite COVID-19 Delta Variant Concerns Read More »
The U.S. dollar was headed for its best weekly gain in about a month today. Investors supported the greenback, moving on the risk-off attitude as rising coronavirus infections loomed over the pandemic recovery. Meanwhile, the New Zealand dollar skyrocketed due to a hot inflation reading. On Friday, the NZD was the biggest mover amongst major …
U.S. Dollar remains strong. The Kiwi hit a new high Friday Read More »
The U.S. dollar got strong support in Asia on Thursday due to soaring Covid-19 cases. As a result, it recovered some of the gains lost in the previous session. On Wednesday, the greenback tumbled down as Federal Reserve chair Jerome Powell declared that he isn’t going to withdraw policy support anytime soon. The greenback climbed …
USD Rebounded Thursday while GBP Fell Ahead of Reopening Read More »
The USD/EUR pair hit a three-month high on Wednesday, while the USD/JPY pair skyrocketed to a one-week high. Rising U.S. inflation had traders betting on a faster monetary policy tightening than U.S. Federal Reserve officials hinted thus far. Meanwhile, the New Zealand dollar soared by more than 1%, with NZD/USD pair trading as high as …
USD/EUR Hit a Three-Month High. What about Other Currencies? Read More »
On Wednesday, July 14, Wall Street was down after hitting record highs. The freshly released U.S. consumer price index accelerated to 5.4%. The sectors in Basic Materials, Consumer Services, and Financial led the stocks to lower. At the close of the New York Stock Exchange, the Dow Jones Industrial Average, S&P 500, and NASDAQ Composite …
Wall Street Down after Hitting Record High, US CPI Rose 5.4% Read More »
Forex markets remained on edge on Tuesday ahead of the U.S. inflation data. Investors think that it may provide clues about the timing of the Fed’s stimulus tapering and rate hikes. Last month the Federal Reserve surprised markets by suddenly announcing that it was considering rate hikes and tapering of stimulus aid. That announcement boosted …
USD fell slightly Tuesday as traders waited for Fed’s data Read More »
EUR/USD struggled to hold onto its gains on Friday as the ECB effect fades away. It seems the recent upside correction is nearing an end. According to analysts, the pair will likely continue to downtrend, ending further in the red. The European Central Bank wants to reach a symmetric 2% inflation target instead of an …
The Euro tumbled down against the Dollar after a short rally Read More »
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