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News2021-02-10T08:31:34+00:00

News 26/07/2021

International The U.S dollar managed to hold on to its gains after a strong show last week. It ended the week firmer as the market was gearing up for the federal reserve meeting due this week. The dollar index closed at 92.192 after reaching a high of 93.024. A sedated session on the day, as the single currency was seen trading within range to close the day flat at $1.1774 after reaching a low of $1.1756, with the market continuing to digest the [...]

By |July 26th, 2021|

News 23/07/2021

International The US Dollar edged lower in yesterday’s trade, giving away some of its gains from the previous session. This is attributable to dollar demand fading, triggered by renewed interest for riskier assets. The dollar ended the session lower at 92.754 after reaching a low of 92.726. The euro registered gains yesterday, finding some reprieve from risk-on sentiment ahead of the ECB meeting. The single currency reached a low of $1.1752 to close off the day at $1.1792. The pound found some breathing [...]

By |July 26th, 2021|

News 22/07/2021

International The US Dollar edged lower in yesterday’s trade, giving away some of its gains from the previous session. This is attributable to dollar demand fading, triggered by renewed interest for riskier assets. The dollar ended the session lower at 92.754 after reaching a low of 92.726. The euro registered gains yesterday, finding some reprieve from risk-on sentiment ahead of the ECB meeting. The single currency reached a low of $1.1752 to close off the day at $1.1792. The pound found some breathing [...]

By |July 26th, 2021|

News 20/07/2021

International A good start to the week for the U.S dollar as it further advanced, benefitting from risk aversion triggering a flight to safety as investors remain concerned about the coronavirus impact on the global economy. The dollar index closed the session at 92.891 after reaching a high of 93.039. The single currency steadily continued its losing streak on the back of a stronger dollar as risk appetite faded. The euro finished the day weaker at $1.1797 after reaching a low of $1.1766. [...]

By |July 26th, 2021|

News 19/07/2021

International The US dollar edged higher on the day, also managing to maintain its weekly gains. The dollar was boosted by a strong print of US retail sales data, which pointed out strong economic activities for the month of June. The dollar index rose to a high of 92.756 before ending the session at 92.687 on the day. The euro continued to nurse some losses on Friday, ending the week on the back foot. The positive US economic data emboldened the dollar on [...]

By |July 19th, 2021|

News 16/07/2021

International The dollar retraced some of its previous losses as the US weekly jobless claims data declined to 16-month lows, signaling that the labor market is gaining traction.  The dollar found additional support from the Fed’s chair sentiments which remained unchanged as he continued his second day of testimony.  The dollar index touched a low of 92.272 to end the day at 92.624. Euro demand was subdued as the single currency traded broadly flat on the back of the relatively firmer dollar.  As [...]

By |July 19th, 2021|

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