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US Dollar Extends Weakness on Optimism Over Oxford-AstraZeneca COVID-19 Vaccine

The US dollar is extending its weakness to start the trading week, driven mostly by optimism in the broader financial market amid the latest coronavirus vaccine from Oxford-AstraZeneca. This comes soon after Pfizer and Moderna announced their own two-dose inoculations in preventing COVID-19. With economic data being mostly quiet on Monday, traders will be looking for the latest hints regarding US fiscal stimulus and relief packages.

US Dollar Rally Sparked by Safe-Haven Demand Amid Coronavirus Crisis

The US dollar is surging to kick off the trading week, buoyed by renewed safe-haven demand as the coronavirus continues to extend outside China. While the situation has relatively stabilized in the world’s second-largest economy, investors are in a panicky state because of how the outbreak is beginning to intensify all over the world. Despite a slight retreat on Friday, the greenback is looking to test multi-year highs in the coming sessions.

US Dollar Falls As Political Turmoil, Geopolitics Drive Trade

The US dollar is sliding against many major currency rivals on Tuesday as domestic political turmoil and geopolitics are dominating the latter part of the trading session. In addition to President Donald Trump stating that he will not accept a bad trade agreement with China, news broke that House Speaker Nancy Pelosi plans to launch an impeachment inquiry to oust Trump from the White House before next year’s election.

US Dollar Mixed on Data, US-China Trade Uncertainty

The US dollar is mixed against a basket of currencies on Monday as investors weigh new economic data and consider the latest developments in the US-China trade saga. With volatility in financial markets and growing geopolitical uncertainty, it is apparent that investors are unsure how to trade in the final week of August.

US Dollar Rivals Benefit From Bearish Data

The US dollar is weakening against a basket of currencies to start the trading week. The dollar’s main rivals are benefiting from bearish economic data, as well as renewed risk appetite on reports of “substantial progress” in US-China trade negotiations. In the background is a survey of economist that finds many expect a recession soon.

US Dollar Gains After Massive Debt Selloff, Economic Data

The US dollar rallied against most other major currencies on Monday, rebounding from last week’s disappointing performance. The jump in the greenback occurred following several key economic reports and a massive selloff in US government debt holdings.

GBP/USD Retraces Earlier Gains as the US Dollar Index Surges

The GBP/USD currency pair today retraced some of its earlier gains made during the European session in the North American session as the US Dollar Index rallied higher. The currency pair had rallied higher during the mid-European session after the release of UK CBI trends data, which beat expectations.

GBP/USD Rallies Higher After News of UK Government Deal

The GBP/USD currency pair today rallied higher after news emerged that Theresa May had struck a deal with the DUP to form a minority government. The British pound rallied higher against the US dollar after the release of disappointing US durable goods orders figures by the Census Bureau, which did not meet expectations.

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