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 [...]
Gold prices held steady in holiday thinned trade on Thursday. The rationale for the move is due to the a weaker dollar offset amid renewed risk appetite which is boosted by an encouraging Omicron study and increased optimism around the global economic outlook. The United States on Wednesday authorized Pfizer Inc's PFE.N antiviral COVID-19 pill [...]
Japanese Nikkei declined against the US dollar during the Asian session Tuesday. This move can be related to the firmer US Treasury yields and the risk-off market mood. The US Treasury yields posted 2.3 basis points (bps) of an upside to 1.42% after declining to the monthly lows. On the other hand, Japanese policymakers are [...]
