The yellow metal remains vulnerable to losses, as the US Treasury yields and the dollar continue to cheer the prospects of a bigger-than-expected fiscal stimulus plan, of about $2 trillion, likely to be announced by President-elect Joe Biden on Friday. Political drama continues in white house. President Donald Trump was impeached for the second time [...]
USD raises against Yen rises for the fifth consecutive day because of the US dollar strength and recent mild gains of S&P 500 Futures . It should, however, be noted that the downbeat performance of Nikkei 225 probes the upside momentum. Mixed data can create confusion in USD/JPY traders. Japan’s Current Account for November grew [...]
EUR/USD is charting gains with the US dollar on the offer despite corona virus concerns and weak China data. Fears over the new strain of the corona virus are forcing major nations to take stricter steps. The US corona virus outbreak will likely get worse in coming weeks, Dr. Anthony Fauci, director of the National [...]
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 [...]
