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2021-04-20 15:20:22 ​​The Analytical Overview of the Main Currency Pairs on 2021.04.20

The dollar fell to a fresh low against major currencies as the euro led the rally amid improving forecasts on the regional vaccination program. The euro support was likely related to the announcement that the European Union has received an additional 100 million COVID-19 vaccine doses from BioNTech and Pfizer. The dollar has already lost momentum as the US bonds yield has declined from its 14-month peak last month, moderating the attractiveness of dollar yields. Open / Comment

2021-04-19 16:31:13 ​​The Analytical Overview of the Main Currency Pairs on 2021.04.19

On Monday, the dollar was trading near a one-month low against most other major currencies. The US Treasury yields have also been near their lows for the past five weeks since the US Federal Reserve reaffirmed that any spike in inflation wouldn’t last long. Open / Comment

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2021-04-15 14:03:32 ​​The Analytical Overview of the Main Currency Pairs on 2021.04.15

On Wednesday, in the absence of important economic data, the dollar index continued to decline, and traders focused on the credit market. German Bonds continued to rise versus US T-Note. The yield spread has reached -189%, showing the best results in the last two weeks. This factor supported the European currency against the US dollar. Also, the sharp rise in oil prices supported commodity currencies. Open / Comment

2021-04-14 13:06:09 ​​The Analytical Overview of the Main Currency Pairs on 2021.04.14

On Tuesday, the dollar index continued to decline amid strong economic performance in Europe. The ZEW Index stays consistently above 70, while investor expectations continue to rise. In this light, the yield spread between the American T-Note and German Bonds rose to -192%, which supported the bulls in the euro against the dollar. Also, February manufacturing figures unexpectedly rose to 1.3%, while economists' forecast was 0.5%. This factor helped to stop sterling's steep dive. Open / Comment

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2021-04-13 15:50:35 ​​The Analytical Overview of the Main Currency Pairs on 2021.04.13

On Monday, the ECB and the US Federal Reserve released data on the change in assets on their balance sheets. The European Central Bank's index fell by €10.91 billion over the past week, while the Federal Reserve increased the figure by $19.89 billion. Thus, the Fed prints money more actively than the ECB, which negatively affects the dollar. The commodity market remains in demand for metals and energy, which will have a negative impact on the value of the dollar since raw materials are quoted in the US currency. Investors are waiting for the rapid growth of the global economy in the summer and are playing out this trend in advance by purchasing exchange commodities. Open / Comment

2021-04-12 12:59:43 ​​The Analytical Overview of the Main Currency Pairs on 2021.04.12

On Friday, the dollar index continued to remain under pressure amid statements by Janet Yellen and Jerome Powell, who reaffirmed their commitment to soft monetary policy. The Minister of Finance indicated that the need to maintain low interest rates would be required in the upcoming years. After that, the head of the Fed announced the possibility of the monetary regulator to use the instruments that would put pressure on inflation without changing monetary policy. Open / Comment

2021-04-09 13:19:02 ​​The Analytical Overview of the Main Currency Pairs on 2021.04.09

On Thursday, the dollar index declined in light of Jerome Powell’s comments and labor market data. The head of the Fed says that the monetary regulator has tools to combat high inflation, and they will be applied if necessary. This statement underlined the central bank's commitment to keeping interest rates low. Labor market data showed volatility. Recent jobless claims rose to 744K, while the forecast was 680K. Open / Comment