The dollar slumped to multi-year lows against many currencies on Wednesday as currency traders looked past a new delay in U.S. stimulus cheques and maintained bets additional financial aid was still likely. The dollar has fallen steadily since U.S. President Donald Trump signed a coronavirus aid and spending bill on Sunday, because more stimulus for [...]
NZD is improving early Tuesday morning in Asia. In doing so, the kiwi pair struggles to justify upbeat trading sentiment, backed by the coronavirus (COVID-19) aid package updates from the US, amid lesser volumes due to the year-end holidays. In rare support to the Republican leader, US House Democratic Party members backed President Donald Trump’s [...]
The USD/JPY recently declined after Japan’s industrial production data pleased yen buyers while the US dollar bears the burden of recent risk-on mood. Preliminary Industrial Production shrank 3.4% YoY versus -10.0% forecast and -3.0% prior. Though, the monthly data disappoints by flashing 0.0% figures compared to 4.0% market consensus and previous readouts. Further, Bank of [...]
Yellow metal stays positive for the second consecutive day amid US dollar weakness and broad risk-on mood.US President Donald Trump’s obstruction to the bills relating to defense and covid stimulus weigh on the US dollar. Also weighing on the greenback, while favoring the broad risks and commodities, is US Democratic Party’s readiness to inflation the [...]
