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US Dollar Recovers As Federal Reserve Dismisses Negative Interest Rates

The US dollar has wiped out all its losses from earlier in the midweek trading session after the Federal Reserve dismissed it would be introducing negative interest rates. Fed Chair Jerome Powell’s grim assessment of the US economy could prompt investors to pour into the greenback as a safe-haven asset since financial markets tumbled throughout his press conference.

US Dollar Mixed As Pace of Historic Layoffs Slows Down

The US dollar is mixed against its G10 currency rivals on Thursday after new labor data suggests the pace of the historic layoffs in the aftermath of the coronavirus pandemic appear to have slowed down. All eyes will be on the Thursday jobs report, and analysts are anticipating 21 million lost jobs. Have investors already priced in a devastating reading into the broader financial markets?

US Dollar Plunges As Federal Reserve Warns of More Economic Pain in Q2

The US dollar is maintaining its downward trend from late last week as the greenback slumped on new economic data and a bearish Federal Reserve. Despite being one of the bright spots in chaotic global financial markets, the central bank has tried to pour cold water on the greenback, and it is finding success in suppressing its ascent in the international economy.

US Dollar Mixed on Worse-Than-Expected Jobless Claims

The US dollar is mixed against its most-traded currency competitors on Thursday after the government released a worse-than-expected jobless claims report. But the job-loss trend may have peaked after three consecutive weeks of falling numbers, leaving markets indifferent to the weekly figures.

US Dollar Mixed As 22 Million Americans Lose Jobs in Four Weeks

The US dollar is mixed against its G7 currency rivals on Thursday after the US government reported a slightly worse-than-expected jobs report that brought the total number of Americans who lost their jobs to about 22 million. A flurry of other economic data weighed on the greenback and US equities, leaving everyone wondering just how long the coronavirus pandemic will affect the world’s largest economy.

US Dollar Surges Despite Crashing Retail Sales, Industrial Output

The US dollar is surging against its G7 currency rivals, despite a plethora of disastrous economic reports. With global financial markets deep in the red midweek over concerns of the coronavirus pandemic, investors are pouring into the greenback for shelter. Could the US economy reverse these losses if the nation reopens next month? Or will the country endure a second wave and erase any potential gains?

US Dollar Rallies Despite Mixed Data As Investors Pour Into Safe-Haven Asset

The US dollar is rallying against many major currencies midweek as investors continue to pour into the traditional safe-haven asset. Despite mixed economic data, the greenback is trading at its best level in three years throughout the Covid-19 pandemic that has crippled the global economy and paralyzed global financial markets.

US Dollar Rises on Decline in Trade Deficit, Jobs Data

The US dollar is rising midweek on strong economic data and the rebound in global financial markets. Despite the Wuhan coronavirus significantly affecting China and spreading to other countries, traders are confident that the outbreak will be contained. The greenback is mirroring its performance from early last year as it is already up close to 2% so far in 2020.

US Dollar Sinks As Phase One US-China Trade Deal Signed

The US dollar slumped midweek as the US and China officially signed the first phase of a comprehensive trade agreement. This comes as December inflation was subdued and business optimism fell short of analysts’ expectations. Still, the greenback is trading relatively higher against a basket of currencies this month.

US Dollar Strengthens As Federal Reserve Leaves Interest Rates Unchanged

The US dollar is strengthening against most major currency rivals midweek as the Federal Reserve left interest rates unchanged amid a strong national economy. The greenback is also reacting to higher price inflation and a robust housing market.