USD/JPY drops down during the early Thursday’s trading. The yen pair ignores off in Japan while cheering the US dollar weakness. The US dollar index (DXY) drops to the fresh multi-month low of 89.51. The cautious optimism over the US coronavirus (COVID-19) stimulus and vaccine favor, coupled with the passage of the Brexit deal, exerts [...]
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 [...]
