The dollar found support on Monday, as surging coronavirus cases in Europe and the United States and a lack of progress toward a U.S. stimulus package put traders in a cautious mood, although hopes for a Brexit trade deal held sterling steady. Against a basket of currencies (=USD), the greenback Read more…
The dollar bounced off two-year lows on Wednesday as U.S. data pointed to a firm manufacturing activity, while the euro retreated from its highest levels since 2018 on profit-taking. Economic data published on Tuesday showed U.S. manufacturing activity accelerated to a nearly two-year high in August amid a surge in Read more…
The dollar was down on Friday morning in Asia, giving up some of its earlier gains as the rally from the U.S. Federal Reserve’s new strategy to increase employment, and tolerance for higher inflation, wore off. Speaking at the Jackson Hole symposium on Thursday, U.S. Federal Reserve Chairman Jerome Powell Read more…
The dollar weakened slightly in early European trade Monday, weighed down a touch by U.S. authorization of a new coronavirus treatment, but losses have been minimal as traders look for guidance to future U.S. monetary policy from the Federal Reserve’s annual Jackson Hole retreat later in the week. At 2:55 Read more…
Long positions across most Asian currencies were comfortably raised, a Reuters poll found, as investors turn increasingly optimistic of the region’s economic rebound with confidence in the U.S. dollar waning and China primed for a recovery. Long bets on the Chinese yuan , for example, shot up to their highest since early Read more…
The dollar was down on Tuesday morning in Asia, with a triple menace of retreating yields, disappointing U.S. economic data and a drop in safe-haven demand dampening investor sentiment. Even an overnight tech rally in U.S. markets could not convince investors to give up their bearish positions. The U.S. Dollar Index that Read more…
The dollar was down on Thursday morning in Asia, reversing its gains from the day before over the U.S. Congress’ inability to reach a consensus for the country’s latest COVID-19 stimulus package. U.S. President Donald Trump went so far as to accuse Democrats on Wednesday of not wanting to negotiate Read more…
The dollar nursed losses against major currencies on Friday ahead of the U.S. non-farm payrolls report, which some investors fear could reinforce the view that momentum in the world’s largest economy is slowing. Sentiment has turned against the greenback due to a combination of rising U.S. coronavirus infections, a steady Read more…
The dollar languished near two-year lows on Wednesday as the United States struggled to contain a spike in coronavirus cases, dashing hopes for a quick economic recovery. The dour outlook for the world’s largest economy is expected to see the U.S. Federal Reserve sticking to a dovish stance at its Read more…
The slump in the dollar is threatening to bring to an imminent end its near-decade-long uptrend against major peers. Deutsche Bank’s Trade-Weighted Dollar Index — a gauge of the currency against the U.S.’s most important trading partners — has fallen to test the trendline in place since 2011, a break Read more…
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