“The most important thing for economic recovery is that as many Americans as possible get vaccinated,” said the president of the Minneapolis Federal Reserve Neel Kashkari, Reuters reported. Kashkari further noted that the economic recovery is expected to be slow until the coronavirus pandemic ends. Market reaction These comments do not appear to have a […]
Tag: Index Dollar
US Dollar DXY Index struggles to find direction near 91.00 ahead of data
The DXY index retreats some ground after hitting new yearly highs near 91.30. The dollar’s rise appears limited by the pessimism of the Fed and reflation trading. The ADP report, the ISM Services PMI and the EIA report stand out on today’s economic calendar. The US dollar DXY index, which measures the strength of the […]
Forex Today – Asian Session: The Return of the King Dollar
What you need to know on Wednesday, February 3: The US dollar strengthened further, rising to new 2021 highs against the EUR, AUD and CHF. However, he was appreciated against all his main rivals. The catalyst was the progress of the US stimulus talks. The talks between US President Joe Biden and Republican senators were […]
US Dollar DXY Index hits two-month highs above 91.20
The DXY Index hits two-month highs Tuesday at 91,287. Several factors are attributed to the strength of the US dollar on Tuesday. Weakness in the euro, sterling and silver is also likely to contribute to the rise in the DXY index. The US dollar DXY index, a basket that measures the strength of the dollar […]
The IBD / TIPP economic optimism index rises to 51.9 in February compared to the 51 expected
Economic sentiment in the US continued to improve in February. The US Dollar Index retains its bullish momentum after the data. The IBD / TIPP Economic Optimism Index published by Investor’s Business Daily (IBD) it rose to 51.9 in February from 50.1 in January and beat the market expectation of 51. “Americans are a bit […]
DXY Price Analysis: The Bets Are Raised
The US dollar index (DXY) gained more strength and broke the 91.00 barrier, simultaneously reaching new yearly highs. A firm break d. Donald WestbrookDonald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content […]
US dollar DXY index retreats from highs above 91.00 level
The DXY Index loses traction after hitting new 2021 highs. The appetite for risk returns to the markets on Tuesday. Tuesday’s economic calendar brings the release of the IBD / TIPP index, various speeches from Fed members, and API data. The US dollar DXY index, which measures the strength of the dollar against a basket […]
The recovery remains limited below 1.2100 pending the GDP of the Eurozone
EUR / USD remains vulnerable despite a tepid bounce. The euro does not benefit from the state of risk appetite amid hopes for stimulus. The preliminary GDP of the euro zone will show a contraction in the fourth quarter of 2020. The EUR/USD It is clinging to recovery gains below 1.2100 as bears take a […]
The White House Press Secretary assures that Biden had a productive discussion with Republican senators about the covid relief plan
The president of the United States, Joe Biden, told Republican senators that he hopes the rescue plan can be passed with the support of the two parties.. The White House Press Secretary, Jen Psaki, made some optimistic comments about emergency aid for the covid. Featured Comments: “The reconciliation package is a way to achieve that […]
Forex Today – Asian Session: Bullish Dollar At The Start Of A Busy Week
What you need to know on Tuesday, February 2: The US dollar appreciated strongly against most major rivals, with European currencies being the worst performers. The pair EUR/USD it is trading near a daily low of 1.2062 heading into the Asian session, despite upward revised Markit PMIs and a worse-than-anticipated US ISM manufacturing index. The […]
