Forex Signals – Dollar Down
FxPremiere.com – The dollar was down on Tuesday morning in Asia, with a triple menace of retreating yields, disappointing U.S. economic data and a drop in safe-haven demand dampening investor sentiment.
Even an overnight tech rally in U.S. markets could not convince investors to give up their bearish positions.
Forex Signals – The U.S. dollar was down over the latest stimulus measures and a “limited appetite for interpreting Sino-U.S. relations as being in an outright downward spiral,” to the dollar’s gloomy outlook.
The USD/JPY pair fell 0.30% to 105.67.
The AUD/USD pair edged up 0.10% to 0.7221. Across the Tasman sea, the NZD/USD pair edged down 0.18% to 0.6545, with New Zealand continuing its battle against a fresh outbreak of COVID-19 in the country.
The USD/CNY pair was flat, inching up 0.02% to 6.9303. Investors are keeping an eye on the latest round of U.S.-China tensions after the U.S. Forex Signal Dollar Down Amid Rising U.S.- China Tensions
The GBP/USD pair gained 0.24% to 1.3134, with the U.K and the European Union are scheduled to commence the latest round of Brexit negotiations on Tuesday.