Browsing Tag

Brexit

Sunak Extends Furlough

Dollar Freefall Continues The dollar index closed 0.44% lower yesterday as it lost sight of the 90 ceiling. Ripple effects of the Fed’s dovish policy meeting continued to weigh heavy on the greenback. Weekly unemployment claims…

Fed Warns of Challenging Months Ahead

Grim Readings for the Greenback The US dollar index continued its tragic decline yesterday, closing 0.28% lower. This comes after the Federal Reserve left rates unchanged and pledged to continue its bond purchases. Jerome Powell…

Lagarde Downgrades Eurozone Recovery

Bears Look for Another Push The US index could not capitalize on its 4-day winning streak, as it closed 0.30% lower yesterday. The dollar had been attempting a turnaround in the past few days, however, US jobless claims came in far…

US Stimulus Slipping Away?

Damaged Dollar Claws Back Some Ground The US index gained some traction yesterday as it closed 0.12% higher, breaching the 91 handle. Risk aversion seems to be supporting the greenback for now, as the House of Representatives approved a…

Brexit Breakthrough Recedes

Dollar Continues to Fall Ahead of NFP The US index fell deeper towards the 90 handle yesterday as it closed 0.42% lower. Whilst economists are expecting a fifth straight monthly increase in jobs, the figures are likely to miss…