Greenback is in uptrend by a higher Treasury yields on optimism around a quick economic recovery as vaccinations gain momentum. The US treasury yields were higher as investors awaited President Biden’s announcement of the $4tn infrastructure plan. U.S. President Joe Biden is about to outline on how he would pay for his $3 trillion to [...]
USD/JPY traders made a setback on Monday as the market sees challenges in the form of coronavirus (COVID-19) resurgence and US-China trade war tension. The Bank of Japan’s (BOJ) latest “Summary of Opinions” has also impacted its role to pull the USD/JPY backward. Reuters has reported that the Bank of Japan can increase transparency and [...]
Fundamental view: The British pound fell significantly during the course of the week. Pound has seen to be sliding around dollar strength and concerns is increasing about the UK's vaccination campaign. The greenback is building on infrastructure plans to rise, and more details are due in the upcoming week which supports the dollar. US President Joe Biden [...]
Fundamental view: The yellow metal struggled to find direction and fluctuated in a relatively tight range. Although the greenback continued to outperform its major rivals with the help of upbeat data releases. In the last week, While testifying before the US House Committee on Financial Services on the Federal Reserve’s response to the coronavirus crisis [...]
