Dollar Rebound Reinforced As Coronavirus Fears Return

Azeez Mustapha



Select a Plan


 1-month subscription



 3-month subscription



 6-month subscription



 lifetime subscription



 Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored


Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

The rebound of the dollar continues today and remains stable at the beginning of the American session. The yen is the second largest. Markets are curtailing recent strong risk sentiment amid fears of near-term deterioration in the spread of coronavirus and restrictions.

Commodity currencies tend to be the weakest right now, led by the Australian dollar. The largest European companies are mixed, with the Swiss franc slightly lower.

It remains to be seen if sooner or later some traders will leave risky markets due to fears of a pandemic. Japan reported on Sunday about a new variant of the coronavirus from Brazilian travelers. The British variant has already been found in northern Mexico. China has the largest daily infection in over five months.

But there is no information yet on whether the coronavirus cases found in China were the same as in Wuhan a year ago when the pandemic began. Or some new options are returning to China.

With most of the political risks behind us, you should gradually return to economic data. Eurozone investor confidence Sentix, Canada’s business outlook, the Fed’s Beige Book report, and Michigan consumer sentiment may get more attention than others.
Dollar Gains Continue Following Increased Yields
Market sentiment has deteriorated after US nonfarm employment data showed the first job loss since last spring and the Federal Reserve is unwilling to act. The dollar is growing along with the yield on Treasury bonds.

Richard Clarida, deputy chairman of the Federal Reserve, appeared reluctant to expand the bank’s bond-buying scheme. Fed officials seem to be looking at the current hardships and looking at vaccine deployment and recovery.

His comments prompted further bond sales, higher yields, and support for the dollar. Fed Chairman Jerome Powell is due to speak on Thursday.

Meanwhile, the US CPI, jobless claims and retail sales, UK GDP and manufacturing, Eurozone manufacturing, and China’s trade balance will also be tracked. The ECB will also publish reports on its monetary policy meetings.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *