biden

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…

For a while now, there has been substantial expectation about what US president-elect Biden's proposal will be on the stimulus front. Many analysts have attributed the recent run-up in stocks as an anticipation of more fiscal spending.…

On the first full trading day of the new year, the onshore USDCNY hit the lowest it's been since June 22, 2018. This was back at the start of the now almost forgotten US-China trade war. It was over a 1% jump for the Chinese currency…

DXY Remains Pressured The US index closed on a negative footing yesterday as it once again triggered the 90 handle. Even though a US government shutdown has been avoided, after the US fiscal stimulus is formalized, investors aren’t…

US Stimulus Hopes Alive The US index slipped another 0.30% on Monday as it once again failed to an attempt at the 91 handle. The recent bipartisan covid-19 relief plan is said to be split into two packages to win approval after weeks of…

Greenback Unable to Hang On The US index retraced its recent gains as it closed 0.42% lower yesterday. Sentiment shifted on the back of consumer confidence falling more than expected in November. This came amid a widespread resurgence…

Dollar Finds Support The US index ended Monday’s session higher by 0.26% after touching the 92 handle. A shift in risk appetite led investors to initially move away from the greenback. However, strong flash manufacturing and PMI…