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US Dollar Rises on Good Friday As Economy Creates 916k New Jobs in March

The US dollar strengthened during the Good Friday trading session, driven by a better-than-expected jobs report. The US economy saw the largest number of new jobs in seven months and blowing past payroll expectations, sending Treasury yields higher. When US markets reopen on Monday, how will investors react to the stellar numbers?

Euro Rallies on Upbeat Sentiment, Positive Euro Area PMIs and Weak Dollar

The euro rallied higher, boosted by the positive manufacturing PMI prints from across the euro area released by Markit Economics in the early European session. The EUR/USD currency pair also benefitted from the dollar’s overall weakness driven by falling US 10-year Treasury yields and the upbeat investor risk appetite.

USD/CAD Rises amid Higher Initial Jobless Claims, Falling Bond Yields

The US dollar was mixed against its major currency rivals on Thursday following a disappointing initial jobless claims report. After a decent performance so far this week, the greenback is taking a breather to kick off a new month and quarter. With the US government planning to spend trillions of dollars in infrastructure over the next eight years, can the buck maintain its upward trajectory?

Euro Rallies Higher on Upbeat Mood Despite Mixed Euro Area Data

The euro rallied against the dollar boosted by some positive releases from the euro area, while some negative macro reports limited the single currency’s gains. The EUR/USD currency pair also benefitted from the drop in US 10-year Treasury yields as investors wait for President Joe Biden’s infrastructure spending plans.

Canadian Dollar Renews 2021 Rally Against US Peer?

The Canadian dollar could be renewing its 2021 rally against its US peer in the middle of the trading week, buoyed by better-than-expected economic data from earlier this year. The loonie also found additional support on rising crude oil prices and optimism for future economic prospects. Can the Canadian dollar break below 1.25 next month?

Euro Falls to New 2021 Lows Against Dollar as US Treasury Yields Soar

The euro fell to new 2021 lows against the dollar despite the release of upbeat macro reports from across the euro area as investor sentiment remained bearish. The EUR/USD currency pair’s decline was fueled by the dollar’s overall strength buoyed by the rising real US 10-year Treasury yields that lifted the world’s reserve currency.

US Dollar Finds Safe-Haven Support As Consumer Spending, Personal Income Plunge

The US dollar is finding support for its safe-haven appeal amid disappointing economic data and modest gains in the financial markets. The US Dollar Index (DXY), which measures the greenback against a basket of currencies, is looking to add to its weekly gain, defying last year’s bearish market consensus by rallying more than 3% year-to-date. With uncertainty surrounding the coronavirus pandemic and the US central bank, can the buck sustain its […]

Euro Falls Despite Positive German GfK Data as US GDP Beats Estimates

The euro fell against the dollar for the third consecutive session despite the release of upbeat consumer data from Germany amid weak investor sentiment. The EUR/USD currency pair later extended its losses after the release of upbeat US macro reports, which boosted the greenback at the euro’s expense.

US Dollar Index Lifted by Bullish Jobless Claims, Powell’s Pullback Comments

The US dollar is recording gains on Thursday following a better-than-expected initial jobless claims report. As the broader financial markets continue their lackluster performance, investors have been pouring into the conventional safe-haven asset to shield their capital from the losses. The buck has maintained its stellar 2021 performance amid economic uncertainty.

Euro Falls Against Dollar Despite Upbeat Euro Area Markit PMI Releases

The euro extended its losing streak against the dollar for the second day in a row despite the release of multiple upbeat euro area PMIs by Markit Economics. The EUR/USD currency pair’s decline mimicked the dollar’s rally, which kept rising, ignoring the falling US Treasury yields, as the country considers more stimulus.

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