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US Dollar Weakens As Treasury to Borrow Record $3 Trillion in Q2

The US dollar is weakening against some of its G10 currency counterparts on Tuesday as the federal government announced that it would borrow $3 trillion in the second quarter. The US government has been going on a spending spree to contain the coronavirus pandemic’s economic fallout, making Washington poised for a $3.8 trillion deficit for the fiscal year 2020. The greenback is also getting a hit on disappointing economic data that continues to highlight the outbreak’s […]

US Dollar Forecast of February 3-7, 2020

The US dollar demonstrated a rather good performance in January thanks to the risk aversion caused by the Wuhan coronavirus. But what to expect from the greenback during the first week of February and what factors will be driving it?

US Dollar Sideways as Key Manufacturing Index Slumps to 10-Year Low

The US dollar is trading sideways at the end of the trading week as the manufacturing sector continues to slump at a decade-low. Can the manufacturing industry turn things around in 2020 as the US and China gradually wind down their 18-month trade dispute? From trade certainty to the White House’s aim for a weak dollar policy, American manufacturers may have a rebound year.

Euro See-Saws on Mixed Eurozone Data, Rallies on Weak US ISM Report

The euro today see-sawed between gains and losses in reaction to mixed data from across the eurozone but spiked higher in the early American session. The EUR/USD currency pair broke out of the bearish range it had been trapped in and rallied after the release of weak US ISM manufacturing PMI report.

US Dollar Looks Ahead to September Jobs Report After Strong Week of Data

The US dollar is continuing to post incredible gains against several currencies on Thursday after an impressive week of domestic economic data and global developments. The greenback will now look ahead to the September jobs report on Friday, which is expected to come in strong.

US Dollar Rallies on Trade War Fears, ISM Manufacturing Data

The US dollar rallied against all of its major rivals today. Market analysts explained the rally by risk aversion caused by trade war fears, though many also mentioned the unexpectedly positive manufacturing report.

British Pound Falls as Construction Activity Declines in December

The British pound fell against most of its major peers on Wednesday following a fresh release that showed a drop in activity within the construction sector in the last month of 2017. The British currency further weakened against the US dollar as traders anticipated the minutes of the last Federal Open Market Committee’s meeting.

Euro Trades Lower Against US Dollar Ahead of FOMC Minutes

The euro today traded lower against the US dollar amid a broad-based greenback recovery for most of today’s session. The single currency was largely unaffected by the positive German employment data released by the Federal Statistical Office.

US Dollar Rises as Strong Labor Data Outweighs Low Manufacturing Activity

The US dollar climbed against the euro on Wednesday in the wake of the strongest job gain in the United States since March. However, the greenback erased most of the gains it had made earlier in the day as manufacturing activity in October disappointed expectations.

US Dollar Rises as Manufacturing Data Exceeds Expectations

The US dollar rose against other major currencies on Monday following the release of manufacturing activity data that exceeded analyst estimates. Expectations of higher interest rates in the short term led an index that tracks the strength of the greenback touched its highest level in about one and half months.

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