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The euro is single-handedly the best performing currency right now. It has gone from 1.12 to 1.16 over the past month and today’s rally marks nine out of 10 days of gains for...
Uncertainty about what happens to the U.S. economy after the extra $600 unemployment benefit expires drove investors out of U.S. dollars. The greenback traded lower against all of the major...
European Union leaders finally reached a $2-trillion deal to rebuild their economy, sending the euro to a six-month high above 1.15. This historic agreement appeases all parties with a nearly...
This new trading week kicked off with broad-based gains for currencies. Every major currency pair, from EUR/USD to USD/JPY, moved higher as vaccine progress and stimulus talk sparked optimism....
The euro has climbed to a four-month high, as traders have banked on a resolution to the stalemate on the EU's proposed recovery fund. It’s interesting to note that European stocks, and indeed...
There was no love for the U.S. dollar this week as daily coronavirus cases climbed to a record high, above 72,000. For the past month, investors have largely ignored the growing health crisis in...
Corporate earnings, new virus cases and vaccine hopes dominated the headlines today. However, that will change tomorrow with a long list of market-moving economic reports on the calendar. In...
Over the next few months, we expect the Chinese yuan to gain significantly over the dollar.We have been downbeat on the dollar since it May 28, when it completed a bearish pattern. We have since...
It’s a busy week in the foreign exchange market, and investors are kicking it off with gains for currencies and equities. Even as U.S. states report an alarming number of new cases and the...
Surging U.S. COVID-19 cases finally caught up to the greenback this week. USD/JPY broke support on Friday, with the U.S. dollar trading lower against most of the major currencies. Aside from the...
The U.S. dollar traded higher against most of the major currencies on Tuesday, but a large part of its gains were incurred during the Asian and early European trading sessions. In the New York...
The IMF predicts the coronavirus pandemic will force US growth to shrink to -8.0% in 2020, while the Canadian economy will contract even further, to -8.4%. Both have challenges ahead of them, but the...
Over the holiday weekend, the number of coronavirus cases in the US hit new record highs, but Monday’s rally in currencies and equities suggest that investors are unfazed by the growing health...
Based on the latest jobs report, the U.S. economy is doing great. Approximately 4.8 million Americans returned to work in the month of June following an increase of nearly 2.7 million in May. The...
The third quarter kicked off with consolidation equities and currencies. Stocks traded slightly higher while the US dollar edged lower, allowing sterling, the Canadian, Australian and New Zealand...