US Dollar Dips on Equities Rally, Trump Tweet in Focus
US dollar fell slightly from Tuesday high as investors focus moved towards risker currencies and assets after Donald Trump announced that new aid is coming for the airline industry. Wall Street posted big gains on Wednesday and extended the upside into Thursday trading.
US Dollar Retreats on Rally in Riskier Assets, Trump Leaves Hospital
US dollar slipped sharply after reports that Donald Trump is discharged from the hospital and his health conditions are sound. The report has sparked the rally in risker assets including stocks, gold, and commodity-related currencies.
Dollar Continues To Slide Further With Gold Firm Above $2,000 – US Trading Session Update
Gold broke above the $2,000 handle, with prices reaching a session high of $2,055. This has mostly been contributed towards continued dollar weakness, with the dollar index (DXY) sliding towards 92.50, a further fall here could see a free fall towards 92.00.
EU Recovery Fund Meeting In Focus
Essential Insights The Euro is strengthening to a 4-month high ahead of EU recovery fund talks today, with European bond spreads tightening and European equity bourses advancing. AstraZeneca PLC gained positive momentum on the back end of promising initial vaccine test results. US covid cases rise 2.2% in a single…
Market Outlook: Four Things that will move the market this week starting from Monday, the 13th
It’s a big week on Wall Street and on all fronts. The COVID-19 cases in the United States continue to rise. Major U.S. banks will drop their reports on the earnings from the first quarter. Two other hi-impact data will influence the market this week. In this market outlook, we’ll…