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The U.S. Treasury Department on Friday removed the foreign-exchange manipulator label from Vietnam and Switzerland that ...
17/04/2021

The U.S. Treasury Department on Friday removed the foreign-exchange manipulator label from Vietnam and Switzerland that the Trump administration had placed on the two countries in December.

For much of the week the Pound New Zealand Dollar (GBP/NZD) exchange rate has plummeted due to a weakness in the Pound a...
17/04/2021

For much of the week the Pound New Zealand Dollar (GBP/NZD) exchange rate has plummeted due to a weakness in the Pound and a risk-on mood allowing the New Zealand Dollar to push higher. Heading into the weekend however, the Pound appears to be regaining traction as a risk-off mood causes the New Zealand Dollar […]

The post Pound New Zealand Dollar Exchange Rate Gains Traction Heading into the Weekend appeared first on Future Currency Forecast.

The dollar looks set to post a second-straight weekly decline Friday, shrugging off a wave positive data earlier this we...
17/04/2021

The dollar looks set to post a second-straight weekly decline Friday, shrugging off a wave positive data earlier this week, and will continue to do so as most of the good news has already been priced in, Commerzbank (DE:CBKG) said.

The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, fell by 0.01% to 91.55.

The dollar was up on Friday morning in Asia but was set to end the week with its worst back-to-back weekly drop in 2021....
16/04/2021

The dollar was up on Friday morning in Asia but was set to end the week with its worst back-to-back weekly drop in 2021. Treasury yields continued their retreat from more-than-one-year highs as investors increasingly bought into the U.S. Federal Reserve's pledge of continued monetary support.

The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched up 0.10% to 91.713 by 12:59 AM ET (4:59 AM GMT).

The USD/JPY pair inched up 0.06% to 108.81.

The AUD/USD pair edged down 0.16% to 0.7738 and the NZD/USD pair inched down 0.10% to 0.7162.

EURJPY Price Analysis – April 16 When the bulls increase their pressure, the resistance level of $130.7 may be penetrate...
16/04/2021

EURJPY Price Analysis – April 16 When the bulls increase their pressure, the resistance level of $130.7 may be penetrated and the bullish momentum may extend to $131.2 and $133 price level. Should the Bears defend the resistance level of $130.7, the support level of $129.8, $129.1 and $128.2 may be faced by the bears

The dollar headed for its worst back-to-back weekly drop this year amid an extended retreat in Treasury yields as invest...
16/04/2021

The dollar headed for its worst back-to-back weekly drop this year amid an extended retreat in Treasury yields as investors increasingly bought into the Federal Reserve's insistence of keeping an accommodative policy stance for a while longer.

The benchmark 10-year Treasury yield dipped to a one-month low of 1.528% overnight, moving further away from over a one-year high of 1.776% reached at the end of last month, even in the face of Thursday's stronger-than-expected retail sales and employment data.

San Francisco Fed President Mary Daly said on the same day that the U.S. economy is still far from making "substantial progress" toward the central bank's goals of 2% inflation and full employment, the bar the Fed has set for beginning to consider reducing its support for the economy.

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