Dollar Edges Higher Covid Hits Consumers

FxPremiere.com – Forex Signals – The dollar edged higher in early European trading Monday, but remained near a one-week low as rising Covid-19 cases and slumping U.S.

Leading Economic Indicators

A University of Michigan confidence survey released late last week showed U.S. consumer sentiment sliding to the lowest level since 2011 amid an acceleration in Covid-19 cases caused by the fast-spreading delta variant.

UK Pound Shrugs off Further Covid Restrictions

This is causing traders to pause for thought after inflation and employment numbers, also released last week, added to the growing expectations of an asset-tapering announcement from the Federal Reserve by the end of this year.

GBPUSD Exchange Rate Will the Fed’s Latest Decision

Still, the dollar is trading in narrow ranges with the collapse of the Afghan government pointing risk-averse traders towards safe havens.

Dollar Down Over Rise in COVID

NZD/USD fell 0.2% to 0.7022 ahead of a Reserve Bank of New Zealand’s policy meeting on Wednesday, which could result in the first hike in the country’s benchmark interest rate since 2014 after last week’s strong employment figures.

Dollar Edges Higher Covid Hits Consumers

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Dollar Edges Higher Covid Hits Consumers

Dollar Edges Higher as Rising Covid

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Dollar Weakens as Consumers Lose

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