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3rd July – Daily Market Review

The dollar edged lower in early European trade Friday, with volumes hit by the U.S. holiday and traders weighing the conflicting influences of positive economic data and the increasing number of coronavirus cases.


2nd July – Daily Market Review

The dollar was on the defensive in early European trade Thursday, with traders turning to perceived riskier currencies amid optimism surrounding a potential Covid-19 vaccine as well as solid economic data.


1st July – Daily Market Review

The dollar held onto gains against the yen on Wednesday ahead of data expected to show U.S. manufacturing activity and hiring continued to recover from the economic shock caused by the coronavirus pandemic.


30th June – Daily Market Review

The dollar retreated on Tuesday morning in Asia, giving up it gains from the last session as investors balance positive trade data with increasing COVID-19 figures. China reported a higher-than-expected manufacturing Purchasing Manager’s Index of 50.9 earlier in the day.


29th June – Daily Market Review

The dollar has drifted lower in early European trade Monday, as sentiment surrounding currency traders continues to fluctuate between optimism over a global economic recovery and worry as the number of coronavirus cases continues to grow.


26th June – Daily Market Review

The dollar has maintained its strong tone in early European trade Friday, with traders seeking out the safe haven as the number of coronavirus cases in the U.S. continue to grow. Economic data pointed to an economic recovery in the U.S.


25th June – Daily Market Review

The dollar held firm on Thursday as an increase in coronavirus cases in the United States undermined hopes for a quick turnaround in the pandemic-hit economy and prompted traders to cuts bets on riskier currencies.


24th June – Daily Market Review

The dollar was under pressure on Wednesday, after upbeat data in Europe boosted the euro and helped stoke hopes for a global economic recovery, underpinning appetite for riskier currencies.


23rd June – Daily Market Review

The dollar rose against major currencies on Monday as fresh declines in global stocks and worries about tightening liquidity amid the worsening coronavirus crisis accelerated the flight to cash.


22nd June – Daily Market Review

The dollar reversed its small earlier gains on Monday morning, with investors facing the possibility of renewed lockdowns as COVID-19 cases spiked over the weekend.