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On Friday, the dollar dropping against the euro and the yen, the pressure is maintained by the US Fed’s decision not to tighten monetary policy in the country at the September meeting. According to the regulator projected rate of increase in the years 2017-2019 rates will be more gradual than previously expected. Against this, interest of market participants is...
Risk aversion makes a rare comeback
Global markets finally took note of the many risks around them on Thursday, amidst clearer signs that the US recovery is stalling, seething US-China tensions, and headlines about antitrust probes into ‘big tech’. Investors started to turn cautious after a disappointing batch of jobless claims out of the US, which signaled that...
FOREX Analysis. US virus cases could be slowing but dollar still rattled
The US dollar plumbed fresh lows on Monday, slumping to the lowest in nearly two years against a basket of currencies, as investors shunned the world’s number one reserve currency in favour of the traditional safety of gold. Growing uncertainty about the economic outlook of the United States...