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US Dollar Struggles for Direction As New Jobless Claims Fall Below 800k

The US dollar is looking for direction on Thursday as initial jobless claims and the Congress unable to strike a coronavirus stimulus and relief deal. The greenback has been trending downward this month following a rally in September, driven primarily by confidence in the broader financial market and optimism over the on-again, off-again stimulus negotiations.

US Dollar Lackluster As COVID-19 Optimism, Strong Housing Data Weaken Safe-Haven Appeal

The US dollar is failing to muster up any momentum to kick off the trading week after experiencing a brief resurgence in recent sessions. The greenback is being weighed down by optimism that the latest surge in coronavirus cases could be easing and strengthening real estate data.

US Dollar Weakens As Currency Crunch Subsides, Housing Data Disappoints

The US dollar is weakening to start the trading week as the global currency crunch appears to have subsided. Housing data was also released on Monday, creating concern that the real estate market may not fully recover in the aftermath of the coronavirus pandemic. Is the greenback set for a bear market in the second half of 2020?

US Dollar Flat As Initial Jobless Claims Show Steady Decline

The US dollar is trading flat on Thursday as the number of Americans filing for unemployment benefits continues its downward pattern, suggesting the job-loss trend peaked at the end of March. US financial markets were flat across the board, so there was not a huge push into the traditional safe-haven asset toward the end of the trading week.

US Dollar Weakens As Economy Softens on Coronavirus, 2020 Election Fears

The US dollar is weakening against many major currency rivals at the end of the trading week, driven by disappointing economic data. Analysts are sounding the alarm that the coronavirus is beginning to impact American growth, which is evident in the recent purchasing managers’ index (PMI) readings. Although the presidential election is less than nine months away, the market is beginning to pay attention to the latest developments – and many are […]

US Dollar Sideways on Housing Slump, Doubts Over US-China Deal

The US dollar is trading relatively sideways against several currency pairs midweek. The greenback failed to find a concrete direction after housing data disappointed investors and a prominent Republican senator raising doubts on progress in US-China trade negotiations. The buck is trying to salvage the week after falling the first two sessions.

Pound Falls on Political Uncertainty and Weak UK Data, Later Rallies

The British pound today fell to its daily lows in the mid-London session as investors reacted to the release of the weak UK public sector finances data. The GBP/USD currency pair was also weighed down by the political uncertainty in the UK as investors deal with the prospect of a hard Brexit.

US Dollar Mixed on Flood of Economic Data

The US dollar is mixed against a basket of major currencies on Thursday. With a flood of economic data, traders are sifting through the numbers and finding a play in the greenback. The US-China trade negotiations are also lingering in the background, something that could soon play a factor in the dollar in the coming weeks because reports suggest a new trade agreement is on the brink of happening.

Canadian Dollar Weakens on Oil Crash, Poor Data

The Canadian dollar is kicking off the trading week falling against its major currency rivals. The loonie is getting battered on cratering crude oil prices, as well as poor economic data that suggests the country could be heading for a significant slowdown. Will the dollar continue to slide, or will it pull off an upset and surprise the experts?

US Dollar Firms to Two-Week High on Strong Data, Thawed US-China Tensions

The US dollar is firming to its best level in two weeks on better-than-expected industrial figures and improved US-China trade relations. Greenback investors are shrugging off warnings of sluggish global economic growth and weak Chinese economic data. Heading into 2019, traders anticipated a bearish trend, but the currency has performed modestly well against a basket of currencies.

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