The delay in the aid package decision pressurizes Greenback

The US on Tuesday added 1302 death from COVID 19 in 24 hrs. The world's largest economy added 53847 new cases of the virus. The US has now recorded 4,765,170 total cases with 156,668 deaths making it far the worst-hit country in the world. The US Congress seems unable to find common ground on the [...]

RBA’s monetary policy braces Aussie

The Reserve Bank of Australia’s (RBA) monetary policy decision was out at 04:30 GMT on Tuesday while the recent pessimism concerning the coronavirus (COVID-19) outbreak in Victoria was prevailing in the market.  The RBA left its currency monetary policy adjustment unchanged for the third straight August, maintaining a record low of 0.25% of the official [...]

Manufacturing PMI data and Q1 GDP data impacts Yen

The manufacturing sector in Japan employs more than 10 million people, equivalent to about 8% of the country’s total population. It is responsible for more than 10% of the total GDP. Its manufactured products like Toyotas and Hondas are used around the world. According to Markit and au Jibun bank, the manufacturing sector made a [...]

The negative sentiment for greenback favors the yellow metal

US is facing several challenges like delay in the much-awaited US corona virus (COVID-19) aid package, the surge in the pandemic, and delay in American Presidential Election and devastating GDP figures which makes dollar to struggle. As of July 30, more than 4.5 million cases have been confirmed in the U.S., There have been more [...]