August 2021

Why Do Most Currencies Trade Against the Dollar?

Dollar falls to a two-week low, absorbing shocks of Powell’s speech

Tuesday, the dollar hovered around two-week lows against a basket of currencies. This week, US employment data will be closely watched by investors for clues about when the stimulus will be reduced. In the meantime, the Chinese yuan didn’t pay much attention to the polls conducted by product manufacturers and service sectors. Following Friday’s remarks […]

Dollar falls to a two-week low, absorbing shocks of Powell’s speech Read More »

Forex Roundup: Dollar Rules Despite the Slides

Dollar rises amid rising geopolitical tensions and rising yields

As tensions between the US and China escalated after President Joe Biden received intelligence on the origin of the virus, the dollar strengthened in general. The yen has suffered due to rising bond yields around the world. In addition, a Senate-proposed Tax Plan would permit the transfer of profits abroad, supporting the dollar. Data on

Dollar rises amid rising geopolitical tensions and rising yields Read More »