The US dollar weakened on greater confidence in the broader financial markets as the government reported initial jobless claims falling to their lowest levels in three months. A renewed rally in the equities arena, surging Treasurys, and positive economic data weighed on the conventional safe-haven asset. With the latest drop, the greenback has officially turned negative for the year.
The Great Britain pound versus the United States dollar currency pair seems to be from the 1.3854 level. Will the bears be able to defend it from the ferocious bulls?
The Australian versus the United States dollar currency pair seems to be determined to win the 0.7914 handle. Are the bears prepared?
The US dollar fell along with other safe-haven currencies, like the Swiss franc and the Japanese yen, as the market sentiment favored riskier currencies linked to growth. In fact, the Swissie was the only currency that fared worse than the greenback as the dollar fell even versus the yen, though it has been trying to rebound versus the euro too at the time of writing. Domestic macroeconomic data was favorable to the US currency but had […]
The United States dollar versus the Japanese yen currency pair seems to be in front of a medium-term or even long-term decision.
The US dollar weakened on Thursday, joining the decline in the broader financial markets. The greenback is slumping after the US government reported a larger-than-expected reading for initial jobless claims. While the dollar has rebounded over the last week, the greenback has ostensibly hit the pause button on its meteoric ascent to kick off 2021.
The US dollar rose against some of its major currency peers in the middle of the trading week as financial markets failed to react positively to strong retail sales data. The greenback has strengthened during the holiday-shortened trading week amid investors continuing to seek safe-haven assets during the broader economic uncertainty.
The Great Britain pound versus the United States dollar currency pair seems to be in a phase in which the momentum thrives. Until where will it last?
The Australian versus the United States dollar currency pair seems to have the 0.7914 area in focus. Are the bears just going to stand aside?
The United States dollar versus the Japanese yen currency pair seems to be dominated by the bears. Are the bulls going to step in?
