Forex Analysis

US Congress deal for COVID-19 relief and its impact
Forex Analysis

Dollar Up, no Big Moves Ahead of U.S. Election

By Administrator_ India Capital Sands The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched up 0.05% to 94.093 by 11:17 PM ET (3:17 AM GMT). The dollar held onto gains from the previous week, seeing its largest weekly percentage rise since late September during the previous session as investors cautiously turned […]

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US Congress deal for COVID-19 relief and its impact
Forex Analysis

Dollar Down, U.S.-China Tensions Rise

By Administrator_ India Capital Sands The U.S. Dollar Index, which tracks the greenback against a basket of other currencies, edged down 0.11% to 92.942 by 10:31 AM ET (2:31 AM GMT). On the COVID-19 front, the U.S., Russia and France all set new records for the number of daily COVID-19 cases. There are over 43.4 million […]

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US Congress deal for COVID-19 relief and its impact
Forex Analysis

Dollar Down With Investors Looking to Thursday’s ECB Meeting

By Administrator_India Capital Sands The dollar was down on Thursday morning in Asia, ahead of the ECB meeting taking place later in the day. The U.S. Dollar Index that tracks the greenback against a basket of other currencies edged down 0.10% to 93.165 by 11:54 PM ET (4:54 AM GMT). The euro held onto gains against the […]

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Forex Analysis

Dollar bounce holds as traders trim short bets

By Administrator_India Capital Sands The bounce has lifted the greenback about 1% above the 28-month low it hit against a basket of currencies on Tuesday and brought its first back-to-back daily gains since June. Few analysts expect it to hold for too long but it was steady in morning trade, inching about 0.1% firmer on […]

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Dollar’s History of Year-End Dominance Threatened by Stimulus
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Dollar finds footing as Sino-U.S. tensions escalate

By Administrator_India Capital Sands The dollar crept off milestone lows against other majors on Thursday, and held on to gains against the yuan, as heightened Sino-U.S. tension put a bit of caution into currency markets. China has vowed to respond and the escalation in tension between the world’s two largest economies sent the yuan on […]

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Dollar Up, Boosted by Ever-Rising COVID-19 Numbers and Souring U.S-China Relations

By Administrator_India Capital Sands The dollar was up on Friday morning in Asia, with investors turning to the safe-haven asset as the number of COVID-19 cases continue to be smash records. The U.S. recorded at least 75,000 cases over a 24-hour period on Thursday, and Brazil surpassed the 2 million mark the same day. The […]

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Dollar Retreats, With Investors Balancing Positive Chinese Data with Ever Increasing COVID-19 Numbers

By Administrator_India Capital Sands The dollar retreated on Tuesday morning in Asia, giving up it gains from the last session as investors balance positive trade data with increasing COVID-19 figures. China reported a higher-than-expected manufacturing Purchasing Manager’s Index of 50.9 earlier in the day. Meanwhile, COVID-19 continues its rampage, with over 10.2 million cases as of June […]

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Commodity currencies fall as OPEC+ output cuts fail to allay demand anxiety

By Administrator_India Capitals Sands Commodity currencies slipped against their safe-haven rivals such as the dollar and yen on Monday as a record output cut agreed by OPEC and other oil-producing nations failed to offset broader concerns about slumping global demand. The greenback drifted higher against its Australian and New Zealand counterparts, widely seen as barometers […]

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Japan's battle with pandemic may mark end of Abe's fiscal experiment
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Japan’s battle with pandemic may mark end of Abe’s fiscal experiment

By Ritu, Capital Sands The huge cost of the coronavirus pandemic is upending Japan’s seven-year experiment to rescue the economy from its debt timebomb, as recession fears prompt calls for “helicopter money” – unlimited spending bankrolled by the central bank. Days after Prime Minister Shinzo Abe launched a nearly $1 trillion stimulus package to battle […]

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U.S. banks prepare to seize energy assets as shale boom goes bust

By Administrator_India Capital Sands Major U.S. lenders are preparing to become operators of oil and gas fields across the country for the first time in a generation to avoid losses on loans to energy companies that may go bankrupt. JPMorgan Chase & Co, Wells Fargo & Co, Bank of America Corp and Citigroup Inc are […]

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