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Dollar gives ground as hopes of US stimulus leads traders to riskier currencies

Thursday,   01-Oct-2020   02:21 (IST)

The dollar fell to a nine-day low on Thursday, as robust U.S. data and hopes for U.S. fiscal stimulus left investors confident enough to seek out riskier currencies. The Chinese yuan gained the most against the dollar, reach a year-and-a-half high in the offshore market as a holiday in China dried up liquidity, exaggerating the moves. In addition, Chinese data on Wednesday showed its economic recovery was on track. The Australian dollar and the Norwegian crown also shot up versus the dollar. Republican President Donald Trump’s administration has proposed a coronavirus stimulus package to...

Dollar Lower; Raised US Stimulus Hopes Hurts Safe Haven

Thursday,   01-Oct-2020   01:30 (IST)

The dollar weakened in early European trade Thursday, falling to a one-week low as fresh hopes of new U.S. fiscal stimulus prompted traders to seek out the perceived riskier currencies. At 3:50 AM ET ...

Dollar sold on stimulus hopes and recovery prospects

Thursday,   01-Oct-2020   08:45 (IST)

The dollar was on the defensive at a one-week low on Thursday, as robust U.S. data and fresh hopes for U.S. fiscal stimulus had investors confident enough about economic recovery prospects to seek out...

Dollar ticks up after Trump/Biden debate

Wednesday,   30-Sep-2020   02:14 (IST)

The dollar ticked up in Europe on Wednesday, recovering some losses after a two-day fall, as traders assessed a debate between President Donald Trump and his challenger, Joe Biden. The dollar index ag...

Sterling falls after Brexit bill opposed by EU passes UK parliament

Wednesday,   30-Sep-2020   01:30 (IST)

Sterling fell on Wednesday after Britain’s lower house of parliament approved legislation on Tuesday that gives ministers the power to break its divorce agreement with the European Union. The UK...

Dollar Edges Higher After Combustible Presidential Debate

Wednesday,   30-Sep-2020   01:16 (IST)

The dollar edged higher in early European trade Wednesday, with traders having to absorb the competing influences of healthy economic data from China as well as the contentious presidential debate bet...

Dollar holds line after Trump, Biden clash in first debate

Wednesday,   30-Sep-2020   10:20 (IST)

The dollar was little changed in Asian trade on Wednesday, as traders assessed a fierce first debate between Republican President Donald Trump and Democratic rival Joe Biden ahead of the Nov. 3 U.S. p...

GBP/USD Clings Onto Gains as Experts Question Brexit Deal Optimism

Wednesday,   30-Sep-2020   08:53 (IST)

The pound hung onto gains against the dollar on continued hopes over a Brexit deal despite some experts suggesting the optimism could be misplaced amid fresh U.K.-EU trade talks that got underway Tues...

Dollar edges up ahead of U.S. presidential debate; Aussie and Kiwi firm

Tuesday,   29-Sep-2020   02:14 (IST)

The dollar edged up on Tuesday, still close to 2-month highs, as markets awaited the first debate between the U.S. presidential candidates, signs of progress in U.S. fiscal stimulus talks and economic...

Dollar Steady Ahead of Presidential Debate; Sterling Strengthens

Tuesday,   29-Sep-2020   12:49 (IST)

The dollar was steady in early European trade Tuesday, with traders keeping their powder dry ahead of the first U.S. presidential debate amid developments on the U.S. stimulus bill. At 2:55 AM ET (065...