The dollar is not out of the woods yet

This is what you need to know to trade today Wednesday, January 20 in the Asian session:

He mood The market was bullish for the first half of the day, pushing the dollar lower against its high-yielding rivals. Investors awaited the comments of the candidate for Secretary of the Treasury, Janet Yellen, who spoke before Congress. His prepared remarks were released on Monday, limiting the impact of his words on financial markets.

However, he pledged to push the stimulus saying that It’s time to be “big” on spending, adding that she is ready to use the full range of tools to tackle China’s abusive and unfair practices.. He also said he wants to reverse some of the incentives for offshoring, weighing on indices, which in turn slowed the dollar’s slide.

The pair EUR/USD recovered the level of 1.2100 while the GBP/USD it advanced above 1.3600, but there was little follow-up. It seems that the high yield coins still cannot attract buying interest.

He USD/JPY it moved lower, while currencies pegged to commodity prices had little action, with the US dollar stronger against them.

Regarding the coronavirusThe number of new cases in the UK and the US continues to decline, with the former reporting more than 33,000 new infections in the past 24 hours, while the latter hit the infamous mark of more than 400,000 deaths. Tough restrictive measures continue in the northern hemisphere, and Germany extended its blockade until February 14. Meanwhile, immunization through different vaccines continues to advance in slow motion.

The prices of the oro they remained subdued, with the yellow metal settling at $ 1,837 a troy ounce for the second day in a row. The prices of the Petroleum Crude oil regained some ground but remained within familiar levels.