US Dollar Trades on Upbeat Bias Amid Growing Risk Appetite

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As reported earlier, investor risk appetite took a bump since Monday after the markets got rattled by restriction measures by governments globally to curb the spread of the Omicron variant, and US Senator Joe Manchin dumped President Biden’s Build Back Better fiscal spending package. Commenting on the risk-on sentiment, analysts at Brown Brothers Harriman noted […]

DXY Bulls Relax Ahead of Market Events, FOMC and Q2 GDP

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The DXY – dollar index fell in early Monday trading, weighed down by a surge in risky currencies, although it remains close to its three-and-a-half-month high set last week. The broader increase stays unchanged, with sustained sideways trading regarded as a plausible scenario ahead of this week’s Fed policy meeting and US GDP data. The […]

Dollar Declines Again As Yen and EUR Stays Strong

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In dollars, there is a new sell-off, while the euro was lifted today by strong PMIs. But before the close of the week, it could have been swallowed up by the yen. Moderate risk aversion in Europe keeps the yen afloat. US futures are mixed at the time of writing, but appear vulnerable. As for […]

After Strong NFP Report, Dollar Strengthens and 10-Year Yields Surge to 1.6

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The dollar continued to rise early in the US session following the release of a much stronger-than-expected nonfarm payroll report. The yield on the 10-year bond also rose sharply and is now over 1.6 again. The dollar is currently the second strongest in a week, behind only the oil-backed Canadian dollar. Although the Swiss franc […]

US Dollar Rebounds, Yields Rise Amidst Weakening ADP Job Growth

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The dollar is recovering early in the US session as weakening job gains from the ADP reduce stock futures. Besides, Treasury yields rebounded slightly. At the moment, the pound sterling is the strongest in the day, followed by the Canadian dollar. The New Zealand dollar tops the lower Australian currency, followed by the Swiss franc […]

US dollar remains under pressure

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The USD rallied 0.60% in early in late Asian – early European trade before failing to follow through higher and dropped immediately after retesting Wednesday’s open and Thursday’s highs. Fundamentally speaking we are sill very much bearish here and the next ley level is the 90.375 which is the February – March 2018 key resistance […]