The global reserve currency began depreciating last week to its lowest point since March 2018, as financial markets were optimistic and investors had high-risk sentiment, prompting market participants to sell the safe currency - U.S. dollar. Nevertheless, on Wednesday
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It’s setting up to be another interesting week for financial markets as the US dollar brushed off the worst jobs report since April 2020 last week. Market participants were shocked when 150,000 jobs were lost in the economy during December against an expected 50
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Last week, sellers put pressure on the U.S. dollar and the global reserve currency fell to new lows in 2020.
Due to the holiday period and short work week, economic data in the U.S. was very limited. The most important were pending home sales, the volumes of which in
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The first full week of the new year sees traders focus on key economic announcements which includes the US FOMC Meeting Minutes release on Wednesday and US Non-Farm Payroll figures and employment report on Friday. Considering the US dollar was the weakest currency for
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The U.S. dollar fluctuated within a narrow range last week when the market was low on liquidity due to the holiday season. The global reserve currency consolidated around the lowest point since April 2018.
On the political front, members of the U.S. Congress man
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