
Dollar Weakens; Economic Recovery Optimism Grows
FxPremiere.com – The dollar weakened in early European trading Monday, as traders walked away from this safe haven amid optimism about a vaccination-led global recovery and the prospect of more U.S. stimulus.
FX Signals
EUR/USD climbed 0.2% to 1.2137, the risk-sensitive AUD/USD rose 0.3% to 0.7779, while the Chinese yuan reached its strongest level since June 2018 at 6.4009 per dollar in the offshore market.
FxPremiere Forex Signals
Dollar loses out on growing optimism about virus vaccine
“Global growth should be very strong over the next six months as the vaccination campaigns play out,” said analysts at Goldman Sachs (NYSE:GS), in a research note. “We expect global cyclical forces to dominate some degree of ‘U.S. outperformance’, resulting in dollar downside for most crosses.” Dollar Down as Vaccine Optimism
Forex Signals – The U.S. dollar was down
The speedy roll out of vaccines coupled with a fall in infections have prompted investor bets the country’s economy will likely rebound stronger than expected when it eventually reopens. Dollar Down COVID-19 Recovery
Trading Signals in Forex
U.K. Health Secretary Matt Hancock said Monday that British Prime Minister Boris Johnson will this week judge how quickly England can exit lockdown, but he warned that the death toll and hospital admission numbers are still too high.
Dollar Weakens; Economic Recovery Optimism Grows
US Dollar Up After COVID-19 Recovery
Dollar Weakens; Economic Recovery Optimism Grows
- The 50-day moving average (MA) remains relevant, at 0.7145
FX Signals | New Zealand dollar dips close to 72 line
Live Forex News
Forex Signals
FX Signals | New Zealand dollar dips close to 72 line
Dollar Weakens; Economic Recovery Optimism Grows
About The Author: Forex Signals
Telegram Forex Signals FX including Opening Forex Accounts. Subscribe now for major pairs Forex Trading Signals Today by FxPremiere Telegram Forex Signals FX
More posts by Forex Signals