Greenback has bounced-off lows against the yen but remained in a narrow range around mid-105s, as markets remain in a waiting period in the aftermath of Friday’s US NFP report and incoming stimulus headlines. The weakness in USD/JPY was due to the US dollar sell-off due to the employment data disappointment, with only 49K jobs [...]
US Treasury Secretary Janet Yellen is expected to hold a meeting with the Securities Exchange Commission (SEC), the Federal Reserve (Fed), the New York Fed and the Commodity Futures Trading Commission this week, citing sources familiar with the matter. Earlier on Wednesday, Yellen said that the Congressional Budget Office (CBO) forecast portrays a desperate need [...]
The dollar sticks to gains on Monday as softening U.S. economic data and rising global coronavirus cases kept investors cautious, and lockdowns and Italian political turmoil held the euro under pressure. A Better-than-expected Chinese economic data further headed towards selling, but it was not enough to shift currency traders' mood. The mood soured after Friday [...]
The US President-elect Joe Biden unveiled a much-anticipated coronavirus rescue plan yesterday, with a promise of $2,000 in stimulus cheques to Americans, social equity, infrastructure spending, and a potential minimum wage of $15 per hour. But, Biden did not give away the total size of the stimulus program, which, according to media reports released early [...]
