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Dollar bides time below two-month highs before payrolls test
forex

Dollar bides time below two-month highs before payrolls test

By Administrator_India Capital Sands The dollar hovered below a two-month high versus major counterparts on Tuesday, with traders largely sidelined ahead of a closely watched U.S. jobs report, which could sway the timing of an exit from Federal Reserve stimulus. The dollar index, which tracks the greenback against a basket of six major currencies, was at …

Dollar bides time below two-month highs before payrolls test
forex

Dollar catches breath as traders await Powell testimony

By Administrator_India Capital Sands The dollar paused for breath on Tuesday as traders looked to testimony from U.S. Federal Reserve chair Jerome Powell for guidance, after a surprise shift in the central bank’s policy outlook, while cyptocurrencies nursed heavy losses. The greenback has gained sharply since the Fed last week flagged sooner-than-expected interest rate hikes, …

Dollar bides time below two-month highs before payrolls test
Economy

Dollar subdued as investors look to key U.S. inflation gauge

By Administrator_India Capital Sands The U.S. dollar was subdued on Tuesday as investors looked to U.S. inflation data due later in the week after softer-than-expected jobs data quelled expectations of an early tapering in the Federal Reserve’s stimulus. The euro fetched $1.21915, bouncing back from its three-week low of $1.2104 set on Friday while the …

Dollar bides time below two-month highs before payrolls test
forex trading

Dollar firms as traders brace for U.S. inflation gauge

By Administrator_India Capital Sands The dollar found support on Thursday from emerging views the Federal Reserve is slowly but surely edging towards a discussion about tightening monetary policy, and as traders await crucial U.S. inflation data this week. In a market heavily short dollars, the mere suggestion of tapering is enough to temper further selling …

Dollar bides time below two-month highs before payrolls test
forex trading

Dollar bounces as Fed minutes revive tapering jitters

By Administrator_India Capital Sands The dollar bounced off three-month lows against European currencies on Thursday after minutes from the Federal Reserve’s last policy meeting revealed there was more talk of tapering its bond purchases than investors had expected. In the Fed minutes, several policymakers said that a discussion about reducing the pace of asset purchases …

Dollar gains amid caution over virus, data fails to inspire yuan
U.S

Dollar gains amid caution over virus, data fails to inspire yuan

By Administrator_India Capital Sands The U.S. dollar was supported on Monday amid renewed worries about coronavirus restrictions in Asia, but investors are heavily positioned for it to fall while the U.S. Federal Reserve keeps rates low. Easing commodity prices and virus outbreaks in Singapore and Taiwan – where COVID-19 had been contained – helped modest …