Currencies News

U.S. Dollar Rises On Steeper Yield Curve

U.S. Dollar Rises On Steeper Yield Curve

The release of the Pfizer (NYSE:) BioNTech (NASDAQ:) news saw markets immediately price out further sizeable fiscal stimulus measures in the United States. The US yield curve steepened dramatically, particularly in 30-year tenor. Although the reasoning may be...

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Dollar Skyrockets On Vaccine, Election News

Dollar Skyrockets On Vaccine, Election News

The traded sharply higher against all of the major currencies on Monday after Pfizer (NYSE:) said their COVID-19 vaccine is 90% effective in preventing the virus. While Pfizer’s vaccine still needs to be submitted for FDA review and is complicated in implementation...

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Yen pressured as vaccine hopes boost risk appetite By Reuters

Yen pressured as vaccine hopes boost risk appetite By Reuters

© Reuters. By Eimi Yamamitsu TOKYO (Reuters) - The yen scraped back some losses against the U.S. dollar on Tuesday, after the safe currency took a drubbing on news of the development of a coronavirus vaccine which raised optimism of a global economic recovery. U.S....

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EUR/USD Price Forecast: Bulls And Bears To Battle

EUR/USD Price Forecast: Bulls And Bears To Battle

The on the daily chart has been in a trading range for 4 months. It has had many strong legs up and down. Trading ranges resist breaking out and therefore traders continue to bet on reversals until there are consecutive closes above or below the range. The EUR/USD...

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Will AUD/JPY Continue To March North?

Will AUD/JPY Continue To March North?

opened with a positive gap on Monday, and during the Asian morning it managed to move back above the tentative downside resistance line drawn from the high of Aug. 31. At the time of writing, the rate is flirting with the 75.45 barrier, which provided resistance on...

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Markets Are Not Waiting For Official Closure In The U.S.

Markets Are Not Waiting For Official Closure In The U.S.

The new week has begun with robust risk appetites, driving stocks and stocks higher and sending the dollar broadly lower. Nearly all the equity markets in the Asia Pacific region gained more than 1%, except Malaysia and Indonesia. The , which posted its highest close...

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U.S. Dollar Sell-Off Continues | Investing.com

U.S. Dollar Sell-Off Continues | Investing.com

Biden win weighs on US dollar The stampede out of US dollars continued Friday and into today, as investors moved out of defensive positioning and into pro-cyclical postures. With a Biden presidency expected to be more in favour of global trade, and more Federal...

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