US Dollar Jump to Six Week High, Gold and Euro Tumble
US dollar rally gained further momentum on Wednesday as global equity markets are losing investor’s confidence due to the threat of the second coronavirus wave. The risk of fresh economic and traveling restrictions has added to the greenback value.
US dollar index Rebounds on Riskier Assets Selloff, Gold Tumbles
US dollar bounced back sharply at the beginning of this week amid a sharp drop in equities and risker currencies. The significant growth in coronavirus infections along with the threat of new lockdown and economic restrictions pushed the US dollar higher against the basket of six major currencies.
US Dollar Index Rebounds on Stronger Economic Growth
US dollar bounced back sharply after the Federal Reserves decided to keep the interest rates low until they reach their employment and inflation goals. The Central Bank has also optimized investor’s sentiments by presenting stronger than expected economic recovery projections. They hinted faster employment growth in the days ahead.
US Dollar Index Steady Ahead of Central Bank Policy Meeting
US dollar looks steady above the 93 mark against the basket of major currencies as improving economic data helped the greenback to reverse some losses last week. The U.S. central bank’s two-day policy meeting is scheduled for September 15-16.
Euro Regains Momentum Against US Dollar Amid EU Economic Recovery
Euro soared back to 1.18 level as Bloomberg reported that European Central Bank is more confident in economic recovery. This is because European economic forecasts are steady since June. Euro plunged sharply earl this week amid concerns over the potential ECB’s interference to half the common currency rally.
US Dollar Gains Extends into Seventh Straight Day, Gold and Stocks Fell Sharply
US Dollar soared robustly in the past six sessions in a row as coronavirus infections have been steadily declining over the past month. In addition, strong economic data from all over the world is adding to investor's sentiments. Some investors blame the selloff in British Pound and Euro value backed the US dollar value upside.
USD Index Remains Range Bound on Shrinking Short Bets
The USD index continues trading in a tight range around 93 levels amid bullish economic reports that are offsetting Federal Reserve’s low-interest-rate policy. The USD index recovered from twenty-seven months low last week as US jobs came in better than expectations. Strong services and manufacturing data is also adding to investor's sentiments.
USD Index Lost Upside Momentum, Gold and Euro Soars
USD index retreated from one week high that it had hit on Thursday as the market analysts are still bearish over the greenbacks future fundamentals. The concerns over US economic growth and Federal Reserve’s low-interest-rate policy is among the biggest bearish factors for the USD index.
US Dollar Index Move Back Above 92, Euro Hit $1.20
Although the US dollar index moved above the 92 level on Wednesday against the basket of six major currencies, the market analysts anticipate the greenback will remain in a bear mode for a long time due to Federal Reserve's easy policies.
US Dollar Could Fall 36% Against Euro, Analyst Claims
US dollar has been under pressure over the past six months due to the massive level of coronavirus related economic devastation in the United States. The greenback has lost a lot of value against the euro and other major currencies, but analysts believe it’s just the beginning of a declining story.