The US dollar weakened in the middle of the trading week as all eyes will be on the Treasury auctions. The greenback has been strengthening this month following a lackluster February, buoyed by turmoil in the financial markets and soaring bonds. Can the buck continue its journey upward, or will it fall back to earth? Inflation and the Treasury market could be the deciding factors.
The US dollar is holding steady against many of its major currency peers in the middle of the trading week. Inflation came into focus for foreign exchange markets on Wednesday, as well as the likelihood that the US government will pass President Joe Biden’s $1.9 trillion stimulus and relief package. After an impressive start to 2021, the buck has taken a breather, sliding nearly 1% over the last week.
The US dollar is soaring in the middle of the trading week, buoyed by a triple-digit decline in the financial markets. But investors have also been monitoring the Federal Reserve and potential hints as to what to expect from monetary policy moving forward. Housing and durable goods data were also in focus, but traders were more determined to know if they were receiving additional stimulus this year.
The US dollar is trading higher as investors take more of a cautious approach to the financial markets in the middle of the trading week. Traders are combing through the data, including consumer prices and mortgage lending, but they are also keeping an eye on the US impeachment vote. The greenback is continuing its surprisingly strong start to 2021, but can the currency keep up the momentum?
The US dollar is ending its winning streak midweek amid renewed optimism in the broader financial markets. Despite concerns over a new strain of the coronavirus that appears to be more infectious, the investors were optimistic over initial jobless claims declining to their lowest levels in three weeks. But as long as the COVID-19 vaccines prove effective, traders will remain bullish on stocks, which is bad news for the dollar.
The US dollar is trading relatively flat against multiple major currency peers, mainly due to the plethora of mixed economic data that were released ahead of the American Thanksgiving holiday. In focus in the middle of the holiday-shortened trading were jobs and personal income and spending. With a subdued greenback on Wednesday, what comes next on the other side of annual festivities and in the home stretch of 2020?
The US dollar is looking to maintain its momentum toward the end of the trading week, buoyed mostly by economic data rather than the broader market trends. The greenback is searching for support from lower-than-expected inflation and initial jobless claims falling to a fresh pandemic low. Could the buck travel on an upward trajectory to close out 2020?
The US dollar advanced against many of its currency peers on Wednesday as the 2020 presidential election potentially becomes a contested affair. An official result was not announced, and many votes are still being counted in many key battleground states. With the historic race potentially being taken to the Supreme Court, financial markets are not reacting favorably.
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.
The US dollar is trading mixed against its G10 currency rivals midweek following the Federal Reserve‘s completion of its two-day policy meeting. The central bank left interest rates unchanged, and it pledged to keep rates lower for a few more years to support the economic recovery. With rates hovering near zero until at least 2023, how will this impact the greenback?
