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Dollar stabilises after three-day decline; PMIs in focus

Friday,   22-Jan-2021   02:42 (IST)

After three straight days of losses, the dollar stabilised on Friday and riskier currencies lost out as the recent equity market rally paused for breath, with business activity data in focus. The dollar had fallen against a basket of currencies for the past three sessions as market optimism about U.S. President Joe Biden's fiscal stimulus plans prompted traders to seek riskier assets, with the New Zealand and Australian dollar gaining. But that trend paused on Friday as market sentiment pulled back, global shares slipped off record highs and the U.S. dollar steadied, flat on the day at 90....

Dollar Edges Higher; Overall Trend Still Lower

Friday,   22-Jan-2021   02:15 (IST)

The dollar edged higher in Europe Friday, but was still heading for a lower week as traders made bets on an economic recovery from the Covid-19 pandemic. At 3:05 AM ET (0805 GMT), the Dollar Index, wh...

Dollar nurses weekly loss as bounce fades

Friday,   22-Jan-2021   12:18 (IST)

The dollar steadied in a cautious Asia session on Friday but it is set to log its worst week of the year as investors welcomed the Joe Biden administration by seeking out riskier assets. Against the J...

Dollar's bounce fades as risk appetite rises

Friday,   22-Jan-2021   08:52 (IST)

The dollar was headed for its worst week of the year on Friday, as investors cheered in the Joe Biden administration by buying riskier currencies and refreshed bets that a pandemic recovery could push...

Euro gains before ECB meeting; Biden stimulus weighs on dollar

Thursday,   21-Jan-2021   03:17 (IST)

The euro ticked higher before a meeting of the European Central Bank on Thursday, with the dollar declining versus major peers as plans for a massive U.S. stimulus package fuelled market optimism and ...

Dollar Weakens After Biden Inauguration; ECB Up Next

Thursday,   21-Jan-2021   02:11 (IST)

The dollar started the European session on the back foot Thursday, with riskier currencies in demand amid increased hopes for hefty U.S. stimulus measures as President Joe Biden moved into the White H...

Dollar Down, Continues Losses as New Biden Administration Promises More Stimulus

Thursday,   21-Jan-2021   10:20 (IST)

The dollar was down on Thursday morning in Asia. The U.S. currency continued its losses as increased hopes for massive U.S. stimulus measures under the newly inaugurated Joe Biden administration erode...

Dollar on back foot as Biden optimism bolsters riskier currencies

Thursday,   21-Jan-2021   08:58 (IST)

The dollar held losses versus most major peers on Thursday as optimism that a massive U.S. stimulus package under the new Joe Biden administration will bolster growth sapped demand for safe-haven curr...

Dollar sinks for 3rd straight session as risk sentiment rises

Wednesday,   20-Jan-2021   02:54 (IST)

The dollar sank against a basket of currencies for a third straight session on Wednesday as improved sentiment buoyed riskier currencies such as the Aussie dollar and the euro. The Australian dollar w...

Dollar Weakens as Yellen Boosts Risk Appetite

Wednesday,   20-Jan-2021   02:05 (IST)

The dollar weakened in early European trade Wednesday, with risk sentiment on the rise after comments Janet Yellen, Joe Biden's nominee for Treasury Secretary, pointed towards substantial addition...