The dollar edged lower against the Euro in thin trading Thursday Asian session as investors looked beyond a surge in Omicron cases and favored riskier currencies. Economic data released on Wednesday in the US showed Pending Home Sales dropped -2.2% in November, less than the previous readout of 7.5%. A different report showed the advance [...]
The US dollar traded high against the Japanese Yen on Tuesday and is struggling at the key 115.00 psychological level during the Asian Session Wednesday. The dollar had inched up on Wednesday due to a recent rally in shares showing signs of petering out, However holiday-thinned trading meant markets were showing little real direction. Many [...]
Australian dollar inched higher against the American dollar during Tuesday Asian session. Optimistic comments from CBA Analysts and diminishing fears on Omicron variant favored the Aussie. Analysts at Commonwealth Bank of Australia (CBA) offered an optimistic outlook for AUD/USD. “The Aussie dollar is expected to rise over 2022 to reach US78-80 cents by the December [...]
Gold (XAU/USD) inched higher and is trading around $1,810 during the Monday Asian session. Yellow metal is trading high as slightly weaker U.S. Treasury yields offset an uptick in the dollar. US Dollar Index (DXY) dropped to 96.10 whereas the US 10-year Treasury yields dropped 1.1 basis points (bps) to 1.482%, stepping back from a [...]
