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The euro is on the front foot
FOREX The euro is on the front foot during early Thursday trading, gaining ground on both the dollar and the pound. The single currency’s strength comes on the back of positive developments about the availability of vaccines on the continent during the second quarter, where a substantial increase in supplies is expected. One of the[…]
The Gold extended its loss
FOREX The dollar is showing some weakness in relation to other major currencies during early Wednesday trading, retreating after reaching fresh multi-month highs earlier in the session. Today’s dollar dynamic illustrates perfectly the correlation between the greenback’s performance and the yield of the 10-year Treasury note, which also retreated slightly after reaching 1.78% on Tuesday.[…]
The US dollar reached a one year high
FOREX The US dollar reached a one year high versus the Japanese yen during early Tuesday trading. The dollar’s strength in the last couple of months results from investors pricing in a potential rise in inflation as a collateral effect of the gargantuan monetary and fiscal stimulus being deployed in the United States. However, some[…]