Exchange rate closes flat at official market as forex turnover records significant drop November 12, S dollar index U. S election. Leave a Reply Cancel reply Your email address will not be published.
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See our updated Privacy Policy here. Note: Low and High figures are for the trading day. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.
Sign up now to get the information you need! Receive the best-curated content by our editors for the week ahead. By pressing 'Subscribe' you consent to receive newsletters which may contain promotional content. For more info on how we might use your data, see our privacy notice and access policy and privacy website. Check your email for further instructions. The European Central Bank has taken on more intense rhetoric against Euro strength in recent weeks.
A strategic review of how the bank can reach its inflation target will likely reveal new tools for adding Euros to the economy. While such a large fiscal relief package does weaken the dollar somewhat, it also increases the risk of earlier policy normalization by the Fed, the strategists said.
In all, the measure should support the dollar's strength, they added. Fiscal policy in the European Union, however, is "not as supportive and if anything could be tightened too early," the team said.
The global economy is expected to rebound in as widespread vaccination brings an end to the coronavirus pandemic. EU growth is estimated to reach 2. The US's decoupling from the EU economy should support the dollar as US spare capacity fades and the rates market prices in early Fed normalization, the team said.
Read more: Short-seller Carson Block says the day-trading revolution that hit GameStop and other stocks is changing the playing field for investors like him. The U. Dollar Index DXY, They see the U. That will really animate the risks around the dollar going forward. In a turnabout of thinking by analysts and traders, the U.
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