Month: April 2021

New Zealand dollar jumps after FOMC meet

The New Zealand dollar has steadied on Thursday after posting strong gains a day earlier. Currently, NZD/USD is trading at 0.7260, up 0.07% on the day. The pair has climbed 0.85% so far this week. New Zealand dollar heads higher The New Zealand dollar continues to gain ground against...
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Dollar Remains Near Lows as Fed Shrugs Off Rising Commodity Prices

The dollar was largely unchanged Thursday near multi-week lows after the U.S. Federal Reserve maintained its very dovish monetary policy, boosting confidence in the global economic recovery. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was flat...
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E-commerce giant JD.com used China’s digital currency to pay some employees

Chinese e-commerce company JD.com has paid some employees with the digital yuan as the country’s central bank looks to expand the scope of its use. The People’s Bank of China (PBOC) began work on the digital currency/electronic payment (DC/EP) in 2014. Also known the digital yuan or e-CNY, the digital currency is a...
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EURJPY Price; Are Euro Bears Back in the Driver’s Seat?

EURJPY Price Analysis – April 23 Should the bears increase their pressure, the support level of $129.1 may be penetrated and the bearish momentum may extend to $128.2 and $127.3 price level.  Should the Bulls defend the support level of $129.1, the resistance level of $129.8, $130.7, and $131.2...
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Dollar Edges Lower; Euro in Spotlight Ahead of ECB Meeting

The dollar weakened in early European trading Thursday, remaining near to multi-week lows, with the euro in focus as the European Central Bank meets. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was 0.1% lower at 91.013,...
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Euro Slips as ECB Maintains Dovish Stance, but Analysts See Gains Ahead

The euro slipped against the dollar Thursday as the European Central Bank indicated it was in no rush to taper its emergency bond purchases despite optimism over a strong recovery. EUR/USD fell 0.26% to $1.200. The European Central Bank, as widely expected, left its benchmark rate at 0.00% and said it would...
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Dollar licks wounds after drop to seven-week trough amid lower U.S. yields

The dollar languished on Wednesday, hovering just above a seven-week low with subdued U.S. bond yields reducing the currency’s yield appeal. The safe-haven greenback got some respite from a pullback in world stocks from record highs as flare ups in coronavirus infections from India to Canada soured the outlook...
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FOREX-Dollar falls to lowest in more than seven weeks

The dollar dropped to its lowest in nearly seven weeks during the Asian session, while the euro rallied, as investors grew more optimistic about the pace of vaccine rollout in Europe and U.S. Treasury yields remained below their March spikes. The dollar has fallen so far in April as...
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