Dollar Losses Accumulate With No Sign of Recovery, Euro Bounces

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.

In a calm session today, the dollar is holding its late-week losses, but there is little sign of a resurgence. On the other hand, the yen is slightly higher due to the region’s sluggish stock markets. As the current rally loses some upside momentum, gold is battling below the 1900 handle. WTI crude oil also falls short of the 70 handles.

US Treasury Department Janet Yellen said in an interview with Bloomberg that a $ 4 trillion spending plan would be good, even if it leads to higher inflation and higher interest rates. “If we ended up with slightly higher interest rates, it would be a plus for the public and the Fed’s perspective,” she added.

“We’ve been fighting too-low inflation and too low-interest rates for ten years now,” the former Federal Reserve chairman said, adding that “we want them to return to a“ normal interest rate environment, ”and if that helps ease the situation, then it’s not bad – it’s good.”

In the currency market, not much has changed after a week away. Overall, the US dollar appears to be weakening as inflationary fears fail to show up in statistics beyond a reasonable doubt. As a result, markets have been boisterous but ultimately range-trading. On Friday, the dollar index retraced much of Thursday’s gains, sliding 0.40 percent to 90.13. The index is still stuck in a broad range of 89.50 to 90.50, with a breakout signaling the US dollar’s next move.

Amid Steady Dollar, Euro Bounces From 1.21

The EUR/USD has risen above 1.2150, recovering earlier losses caused by US Treasury Secretary Janet Yellen’s remarks that higher interest rates are a good thing. Tensions are rising ahead of the ECB’s and US government’s inflation figures. In the bottom bound of the recent range and following Friday’s post-NFP sell-off, DXY is navigating without a distinct direction.

In the previous week, the Euro attempted a couple of efforts to break through 1.2250 and 1.2260 against the US Dollar. The EUR/USD failed to maintain its upward trend and fell below 1.2200. Euro (1.2166) has bounced strongly from 1.21 during today’s session, and if it maintains, we might see a move over 1.22.

Fundamentally, the US Bureau of Labor Statistics released its nonfarm payroll report for May 2021 on Friday. A 650K gain was expected by the market. The actual outcome was lower than expected, with nonfarm payrolls increasing by 559K in the United States. Furthermore, the previous reading was increased from 266K to 278K. The US Dollar is consolidating its losses in general. If the EUR/USD exchange rate remains stable, the currency pair may hold firm above 1.2100 and it may advance to 1.2250.

  • 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 *