USD index Articles
US Dollar Recover Losses amid Bearish Sentiments for Riskier Assets
US Dollar bounced back as investor's concerns over the second coronavirus wave have lowered the focus towards the riskier assets. The fading hopes on the stimulus package have also negatively impacted riskier assets in the past few days.
US Dollar Dips on Chinese Data, Riskier Currencies Soar
US dollar fell sharply on Monday after news that Chinese gross domestic product grew 4.9% in the third quarter, driven by robust industrial and retail sales growth. Asian currencies soared after the reports of acceleration in the Chinese economy.
US dollar Steady Despite Fading Stimulus Hopes, Equity and Gold Bounce Back
US dollar bounced back sharply as it's clear that no stimulus is possible ahead of the election. The deadlock between both parties’ enhanced investors focus on the safe-haven assets and dropped the confidence in risker assets including stocks and European currency.
Goldman Sachs is Bearish on the US Dollar, Yuan Falls
US Dollar has been trading in a tight range over the past few months after falling sharply during the second quarter. While the USD index is down more than 4% year to date against the basket of six major currencies, Goldman Sachs suggests investors place short positions on the greenback as the firm sees limited upside in the final quarter this year.
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.
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.
Dollar firm on broad data whilst Stocks continue to suffer
Asian stocks were under pressure as the sell off in US equity counterparts continued for a second day. The dollar has moved higher for the third-day in a row, temporary or the start of a new trend? US data comes in mixed but slightly more optimistic.
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 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.
US Dollar Rebounds from 27-Month Low, Gold and Euro Tumble
US Dollar index rebounded sharply in the past few sessions after hitting twenty-seven months low of almost 92.14 against the basket of major currencies. Although the greenback moved back from previous lows, the market analysts believe the reserve currency needs a longer time for complete stabilization.