The United States Secretary of the Treasury, Steven Mnuchinannounced on Monday that direct checks payable to Americans will be due next week. “We could not be more pleased to have reached this agreement on time,” Mnuchin told CNBC. Over the weekend, Democrats and Republicans reached an agreement on coronavirus relief aid worth $ 900 billion, […]
Tag: Index Dollar
I support the extension of the Fed’s emergency lending efforts
The member of the Federal Reserve Board, Kaplan, said he supports the extension of the Fed’s emergency lending efforts that target major businesses and offer support to displaced workers, in comments made to the Wall Street Journal. Kaplan said it will be time to cut back on bond purchases when the economy is clearly recovering, […]
Recovers from 32-month lows, points to oversold rebound
The intraday charts of the DXY index favor an oversold bounce. The 50 hourly SMA at 90.12 could offer resistance. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, is trading near the 89.95 level during Friday’s European session, after hitting a 32-month low at 89.73 […]
XAU / USD jumps 1% to new monthly high above 1,880 amid USD weakness
The USD sell-off extends amid optimism over US stimulus, driving gold prices higher. A pessimistic Fed also offers fresh enthusiasm to the XAU bulls. The focus is on stimulus talks and US employment data for new momentum. He oro (XAU / USD) has regressed rapidly from the new monthly highs of $ 1,883 reached during […]
US Republican Minority Leader McCarthy Says COVID-19 Aid Negotiations Moving In The Right Direction
Negotiations on the coronavirus relief aid package they go in the right directionsaid the Republican minority leader in the US House of Representatives, Kevin McCarthy, after his second meeting with key congressional leaders. McCarthy has reiterated that leaders are making progress on covid relief talks. McCarthy has added that “I think it’s going very well“, […]
DXY to plummet to 86.8 by mid-2022 – Westpac
The downtrend of the US dollar has shown renewed vigor this month with the index of the US dollar index (DXY) breaking from last month’s 92.5-94.0 range to test 91.0, currently 90.8. Westpac economists have scaled up the USD downtrend from a further 2% to around 5%, as the effect of vaccines and the policy […]
WTI rises 1% to test $ 46 level amid hopes for demand recovery fueled by vaccine
The rise appears more compelling amid hopes for a faster recovery in demand. Optimism fueled by the coronavirus vaccine underpins the move up, ahead of approval by the US FDA. The increase in the supply of US crude remains a cause for concern. Have appeared new purchases just above the $ 45.50 region, which has […]
Chances of more falls go up
The DXY extends the consolidation below 91.00 on Wednesday. A deeper pullback could see the 2020 lows revisited. The US Dollar Index (DXY) is trading within a consolidation range below the key 91.00 barrier on Wednesday. Occasional attempts to break out of the range are expected to encounter interim resistance near 91.40, where the nine-month […]
US: Stimulus talks moving forward, USD to weaken by year-end
Risk appetite sentiment in financial markets this morning is positive in part due to signs of progress on a US fiscal stimulus package.as Senate Majority Leader Mitch McConnell, a Republican, appears poised to agree to a stimulus bill worth around $ 900 billion. Derek Halpenny, Head of Research for Global EMEA Markets and International Securities […]
US dollar DXY index falls to 2-day lows near 90.70
The DXY index loses traction to the upside and retreats to the 90.70 area. The appetite for risk appears to have returned to the markets. JOLT mortgage applications, wholesale inventories and jobs report will be released during the American session. The US dollar DXY index, which measures the strength of the dollar against a basket […]