Latest breaking stories, features and analysis
EUR/USD bullish after strong EU retail sales; US inflation data ahead
- The EUR/USD turned bullish after the strong EU retail sales data.
- There’s optimism that the EU will ramp its vaccination drive.
- Focus shifts to the latest US inflation data set for Tuesday.
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Dollar Index fails to sustain gains as bears eye a move below $90
The U.S. dollar slipped on Thursday on reports of soft U.S. inflation data for January, as well as the Fed’s decision to maintain accommodative policy stance. Fundamental analysis: Inflation continues to trend lower Core inflation in the States was reported at 0% in January, compared to the expected 0.2%. Head…
February 12, 2021
US dollar index in recovery mode as Treasury nominee Janet Yellen set to declare commitment to market-determined dollar
Treasury pick and the former Fed chief Janet Yellen is due to testify on Capitol Hill today. She is expected to reaffirm that the Biden-led US administration won’t pursue a path of weaker dollar. Fundamental analysis: Change in policy compared to Trump Janet Yellen, U.S. Treasury nominee picked by U.S.
January 19, 2021
Here’s where the dollar is heading if Joe Biden wins
The dollar is likely to start a bearish cycle in case the Democratic candidate Joe Biden wins in the next month’s elections, analysts believe. Fundamental analysis: Dollar remains vulnerable The U.S. dollar remains vulnerable to “substantial devaluation” as the fundamental aspect of the market points towards a deeper pullback,…
October 24, 2020
Markets roundup: Stocks plunge while gold and yen gain as Trump tests positive for COVID-19
Volatile financial markets have welcomed European traders and investors this morning after the U.S. President Donald Trump and his wife Melania had tested positive for coronavirus and went into quarantine. Trump tests positive Donald Trump confirmed on Twitter that he and his wife Melania are positive on COVID-19 infection.
October 2, 2020