biden

The Biden administration has or is planning to get approval for spending a total of $6.0T in additional spending this year. This is on top of the regular budget. It also comes after around $9.7T of monetary expansion under the last year…

Dollar Gains Some Traction The dollar index closed 0.10% higher on Thursday after initially flirting with the 90 handle in early session trading. Jobless numbers told a positive story for America, as the figure dropped by 111K to 730K,…

Greenback Edges Lower The dollar index spiked precariously lower to the 90 handle yesterday, falling by a further 0.10%. Jobless claims fell to their lowest in four weeks. However, the figure of 793k is still high due to a slowdown in…

Weekly Strength for the Greenback The dollar index rose for a fourth consecutive session, confirming its place above the 91 handle. ADP figures showed that the US private sector increased by 174,000 jobs in January after shedding 78,000…

Greenback Looks Firm on ISM The dollar index closed 0.53% higher on Monday after finally maintaining its grip above the 91 handle. ISM figures saw manufacturers growing a bit slower in January. However, it also showed that companies are…

Last week’s highlights Australia retail sales drop 4.2% in December The latest retail sales report from Australia saw some bad news as the total value of retail sales fell 4.2% in December. The data released by the Australian Bureau of…

Greenback Fades as Bears Take Control The US index dropped towards the 90 handle again as it closed 0.37% lower on Thursday. Joe Biden’s first day in the White House saw him overturn many of Trump’s executive orders, as America awaits…

Dollar Hanging in There The greenback ended on an even keel as investors digested Joe Biden officially beginning his first term in office. The departing Donald Trump wished the new administration great luck and success but vowed that he…

Joseph R Biden will be sworn in as the US' 46 President later today. Contrary to typical campaign speeches, "the first day" of a Presidency is primarily a protocol event. Following the inauguration, Biden will be signing a series of…

The dollar index slid 0.25% lower yesterday as the 45th President exited the White House. Investors now look ahead to financial spending worth trillions of dollars. Joe Biden already unveiled a $1.9 trillion stimulus package that he…