The coronavirus pandemic has created an economy overheating and rising inflation in the United States. Which suppress the US dollar into bearish trend and the main reason is rising in oil and gasoline prices. Rising oil and gasoline prices pushes the US economy into challenges. West Texas Intermediate, the U.S. oil-price bench mark, hit $76.98 [...]
The dollar has reached multi month high against Aussie dollar. The jobs report is due at 12:30 GMT and is forecast to show a solid rise of 700,000. But there is chatter about the number coming in higher and the risk that upsets the assumption that U.S. interest rates can stay at rock-bottom levels for [...]
Gold was trading around an over two-month low on Wednesday as investors are waiting for U.S. jobs data for further clarity on the Federal Reserve's policy stance, with the precious metal heading for its worst monthly drop since November 2016. The dollar clung to recent gains on Wednesday as viral woes raised concerns in a [...]
The Euro consolidates losses from its last week recovery moves and heads into today European Session. Because of the sluggish market the pair failed to control sellers as a new fear of inflation and the corona virus (COVID-19) favored demand for the US dollar, due to its risk-protection faint. The European economy just flopped into [...]
