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Pound Falls on Risk-Off Mood, Later Rallies on COVID-19 Vaccine Progress

The Sterling pound today fell against the dollar amid slow trading conditions occasioned by the lack of major releases from the UK and US dockets. The GBP/USD currency pair later recovered most of its losses as the pound rallied with US markets closed for Martin Luther King Jr.’s birthday.

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 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.

US Dollar Adds to Weekly Loss Amid Slowest Employment Growth Since May

The US dollar maintained its downward trend to finish the trading week after the US government reported the slowest employment growth rate since May. The disappointing November jobs report coincided with a resurgence in coronavirus cases, as well as jurisdictions imposing new lockdown measures. The lackluster labor snapshot did not hit the financial markets, adding to the traditional safe-haven asset’s 2020 woes.

US Dollar Struggles on Better-Than-Expected October Jobs Report

The US dollar is struggling to plug the hemorrhaging to finish the trading week. The greenback has been cratering against many of its major currency peers this week as a bit more certainty over the 2020 election result and a substantial rally in stocks sent the buck lower. With a better-than-expected October jobs report, is the dollar in store for greater losses in November?

US Dollar Plunges As Jobless Claims Fall to Pandemic Low, Stocks Rally

The US dollar is plunging against most of its currency rivals on Thursday as the number of Americans filing for first-time unemployment benefits declined to a pandemic low. With the 2020 US presidential election looking a little more certain in former Vice President Joe Biden’s favor, the broader financial markets are rallying, which has sparked a selloff of the greenback. Will a lower dollar be the norm in the home stretch of 2020?

US Dollar Rises Amid September Jobs Report, Trump Testing Positive for COVID-19

The US dollar is holding its gains to finish the trading week as investors get spooked by a worse-than-expected September jobs report. But the main headline maker is that President Donald Trump and the First Lady tested positive for COVID-19. This was the curveball tossed into the broader financial market with a month to go until the 2020 election. How will the buck react in the coming days?

US Dollar Mixed As GDP Beats Estimates, Fiscal Stimulus Hopes Rise

The US dollar is trading mixed against several currency counterparts midweek as investors focus more on economic data and fiscal stimulus instead of the first 2020 presidential debate between President Donald Trump and former Vice President Joe Biden. With growing confidence in the broader financial market, the greenback could face pressure in October, but electoral uncertainty might cap its decline.

US Dollar Index Tops 93.00 As Bullish Data Supports Greenback

The US dollar is continuing its winning streak on foreign exchange markets during the Labor Day holiday. The greenback has been staging a rebound over the last several trading sessions after cratering 11% since hitting a peak of 103.00 earlier this year at the height of the coronavirus pandemic. The buck has been rallying on a multitude of factors, including bullish economic data and COVID-19 concerns, but analysts are still maintaining a bearish […]

US Dollar Gains After Strong August Jobs Report, Rising Treasury Yields

The US dollar is looking to extend its winning streak against multiple currency counterparts to close out the trading week. The greenback is rising on Friday after an impressive jobs report last month sparked confidence that the world’s largest economy is rebounding in the aftermath of the public health crisis.

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