The U.S. Dollar, Yen, Franc and other 'safe haven' assets found demand in mid-week trade as a risk aversion swept through the global investor community, with a rapidly spiralling covid-19 infection rate in the northern hemisphere as well as nerves ahead of next week's vote being cited as the cause.
October 28,2020
It is an unwillingness by investors to fully buy into what the polls are saying - that Biden will comfortably win the vote - which will likely keep stock markets churning between gains and losses and the Dollar bid.
October 27,2020
The Dollar is looking firmer against the Euro and a host of other currencies at the start of a week characterised by falling equity markets and commodity prices, testament to the U.S. currency's pervasive 'safe haven' characteristics that are being tipped to remain in demand in the short-term.
October 26,2020
The Pound-to-Dollar exchange rate unravelled in the final moments of last week but could resist gravity over the coming day given nearby technical support levels, a bullish setup on the charts and seemingly improved odds of a Brexit trade deal, although the Dollar outlook itself is a bit of a wild card.
October 26,2020
The Dollar Index lifted off three-month lows on Thursday but the greenback’s downward spiral is a long way from over, according to BMO Capital Markets forecasts, with threats to U.S. energy independence, rising deficits and onerous tax policy all seen encouraging further depreciation in 2021.
October 22,2020
The Dollar unravelled again as U.S. government bond yields hit three month highs on Wednesday, with expectations of further largesse in Washington counted among the drivers of declines for a currency that may have more at stake in the battle for further stimulus than even the economy does.
October 21,2020
Analysts have been drawing caution on an assumption that the Democrats will secure a coveted 'blue wave' outcome to the November election, an outcome that financial markets could be guilty of assuming as a forgone conclusion.
October 20,2020
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