US Dollar (USD)

A couple of weeks ago we got the flash reading of the Michigan Consumer Confidence numbers. These provided a bump to the markets. Not because they beat expectations so much, but it was the first time that consumer confidence had gone…
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The dollar has been trending to the downside, particularly since the new covid vaccines have been announced. As the economy recovers, one typically does expect safe havens like the US dollar to depreciate a bit. But there are several…
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Tomorrow we get the final results for US Q4 GDP growth. Expectations are for the result to confirm that the American economy grew by 4.0% annualized (or 1.0% during the quarter), protecting the US from falling into a second technical…
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The US dollar index has been trading mixed over the past few sessions. But price action suggests that we might get to see a short term rebound in prices. On a weekly basis, the Dollar Index closed on a bearish note right after rising…
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Dollar Continues the Sell-Off The US index fell 0.11% lower on Monday, falling through the 91 level. As a second economic stimulus package draws closer, sentiment could shift further as this would create more debt and likely weaken the…
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Last week, the US dollar index fell to the lowest level it's been since the start of 2018. And in the first hours of trading in the new year, it has continued lower. The index is now well below pre-covid levels, and it started to…
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The US dollar has been losing ground the last several days thanks to a combination of factors. There is a chance that the trend could continue after the avalanche of data this week. Improving risk sentiment naturally weighs on the…
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Challenges Persist for the Dollar The US index continued its fall yesterday. It closed under 93 for a fourth consecutive day. Increased doubts about the durability of America’s economic recovery assisted the decline. In addition,…
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US Dollar Finds Momentum The US index closed above 93 for the second consecutive day on Monday. This comes after President Trump is looking to bypass congress in the hopes of extending the unemployment benefit relief package. Initial…
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US Faces Continued Uncertainty The US Index closed towards the low 93's yesterday after rising for two days amidst positive PMI data. Further uncertainty remains over the lack of progression on a new US coronavirus relief bill. Talks…
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