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GBP/USD Rises Amid Higher-Than-Expected Inflation, Aggressive Vaccinations

The British pound sterling rose against its major currency peers amid higher-than-expected inflation to cap off 2020 in the United Kingdom. Across the board, the cost of living was higher in December, leading to speculation that this could be the start of soaring price inflation in the aftermath of billions in fiscal and monetary stimulus and relief. But how much of an impact will this have on the pound?

USD/CAD Struggles for Direction Amid Oil Rebound, Disappointing Manufacturing Sales

The Canadian dollar is struggling for direction against its US counterpart on Tuesday, with the loonie finding support from a rebound in crude oil prices after enduring disappointing manufacturing numbers. The Canadian dollar has been trading relatively flat in the first few weeks of the calendar year. Could it be a flat first quarter for the loonie?

US Dollar Rises Amid Higher Price Inflation, US Impeachment Vote

The US dollar is trading higher as investors take more of a cautious approach to the financial markets in the middle of the trading week. Traders are combing through the data, including consumer prices and mortgage lending, but they are also keeping an eye on the US impeachment vote. The greenback is continuing its surprisingly strong start to 2021, but can the currency keep up the momentum?

Chinese Yuan Strengthens As PBoC Signals Policy Tightening in 2021

The Chinese yuan is adding to its strong start to 2021 against the US dollar on Tuesday. The yuan, which has been one of the top-performing currencies in foreign exchange markets over the last eight months, is finding support on policy support stabilization, highlighting that officials are confident that the recovery is occurring at a good pace. Although policymakers have indicated they will allow the yuan to appreciate, investors are wondering […]

US Dollar, Treasurys Rise As Economy Lost 140,000 Jobs

The US dollar is looking to log a gain in the first trading week of 2021 as investors potentially seek refuge in the conventional safe-haven asset. The US government reported a worse-than-expected jobs report for December, driven by a resurgence in the coronavirus pandemic that is approaching 300,000 new infections per day. Is the greenback on the verge of facing a correction higher?

US Dollar Finds Support on Washington Chaos, Lower Jobless Claims

The US dollar is extending its winning streak to two sessions toward the end of the first trading week of 2021. The greenback, which has come under pressure over the last nine months, is finding support in the political chaos unfolding in Washington during the final days of President Donald Trump’s tenure. The buck’s ascent occurred alongside a rally in the financial markets and bullish economic data.

US Dollar, Treasurys Rise As Mike Pence Rejects Trump’s Call To Overturn 2020 Election

The US dollar found support on Wednesday after a barrage of American political developments dominated the news cycle. The greenback recorded modest gains against many of its currency rivals in the aftermath of the Georgia special election. Vice President Mike Pence also impacted the financial markets by declaring that he is not overturning November’s presidential election result.

US Dollar Flat As 10-Year Treasury Tops 1% Amid Georgia Special Election

The US dollar is struggling to find direction in overnight trading as the Georgia runoff elections go down to the wire. With control of the US Senate in the balance, financial markets have been paying close attention to the electoral outcome of the race that is critical for both parties. The result could have a considerable impact on fiscal policy moving forward.

Canadian Dollar Strengthens on Oil Rally, Manufacturing Rebound

The Canadian dollar is kicking off 2021 with a bang against the US dollar as the currency broke the 1.27 mark on Tuesday. The loonie is mostly benefiting from rallying energy prices and a recovery in the manufacturing sector. How much room for growth will there be this year? Should the greenback maintain its downward trend and oil prices extend their gains into 2021, the loonie could have a bullish year.

US Dollar Implosion Kicks Off 2021 As Global Financial Markets Improve

The US dollar‘s implosion has extended into 2021, with the greenback falling against many of its currency rivals to kick off the first trading week of the new year. After suffering its first annual drop since 2017, the buck may expand its losses this year.

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