• Edwick Haron

Dollar Seller Retunrs With an eye on the fee.

The dollar was under pressure on Tuesday, after closing out its worst month since July with a little bounce and as investors reckon on even more U.S. monetary easing.




The risk-sensitive Australian and New Zealand dollars clawed back some of Monday's losses, each rising roughly 0.2% early in the Asia session, although both remained just below milestone peaks hit a day ago.


The euro rose 0.1% but kept shy of $1.20, while sterling held on to gains made against the dollar as traders cling to hopes for a Brexit trade deal before the year's end.


Investors are heavily short dollars as optimism about promising vaccine trials drives buying of riskier currencies and higher yielding assets outside the United States.


Even worries about rising coronavirus cases have not offered too much support to the greenback, as speculation grows that the Federal Reserve might act to support the economy through a tough winter before vaccinations can turn the tide on the pandemic.


"There's a general view that there'll be something in the December meeting...given there's no real fiscal development in the last few months," said BNZ senior markets strategist Jason Wong.


The Fed meets to set policy on Dec. 15 and 16, though before then - on Tuesday and Wednesday - Fed Chair Jerome Powell will appear before Congress and his remarks will be closely watched for any clues as to the next moves.

2 views0 comments

Contact Us

WHO WE ARE ?

OUR POLICIES

GET SUPPORT

FAQ's

Contact Us

Disclaimer- Signals factory is not an investment advisor and can neither advice you on your financial goals nor can it assess your risk profile. Signals factory provides market knowledge and training through webinars and demo signal packages to educate its customers. Please consult a qualified investment advisor before subscribing to any of the training packages if you are not sure about suitability of the packages.

Copyright © 2021 by Signalsfactory.info. All rights reserved

  • LinkedIn
  • Twitter
  • Signal Factory Whatsapp
  • Signals Factory Instagram
  • Signal Factory Facebook Page