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Dollar retreats on profit taking after hitting 9-1/2 month high: Aug 23, 2021

Dollar retreats on profit taking after hitting 9-1/2 month high: Aug 23, 2021
fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.

Euro Mixed Ahead Of German GfK Consumer Sentiment Index, Import Prices

Euro Mixed Ahead Of German GfK Consumer Sentiment Index, Import Prices
finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.

Euro US Dollar Exchange Rate Extends Uptrend on Stronger German Consumer Confidence Index | Euro Exchange Rate News

Recovering German Consumer Confidence Shores up Euro US Dollar Exchange Rate A better-than-expected Germany GfK consumer confidence index helped to boost the Euro to US Dollar (EUR/USD) exchange rate. While the index remained trapped in negative territory, only climbing from -15.5 to -12.9, the improvement nevertheless signalled an uptick in domestic sentiment. Evidence that worries among German consumers began to ease on the month offered the Euro (EUR) a solid leg up against its rivals, in spite of lingering pandemic concerns. February’s Eurozone economic sentiment index also bettered forecasts this morning, adding to the bullish outlook of EUR exchange rates.

Dow Jones Erases Intraday Slump, ASX 200 and Hang Seng May Fall

Dow Jones Erases Intraday Slump, ASX 200 and Hang Seng May Fall DOW JONES, HANG SENG, ASIA-PACIFIC MARKET OUTLOOK: Asia-Pacific markets opened mixed after Wall Street stocks erased deep intra-day losses, the USD fell Brexit talks remain the top event risk after the US moves closer to pass a stimulus and spending bill Financials sector shares soared as the Fed gave banks the green light to resume share buybacks Advertisement Wall Street, Brexit Talks, Banking, Asia-Pacific Stocks Outlook: Last night investors saw a rollercoaster trading session for equities, forex and commodities as risk assets pared deep intra-day losses while the US Dollar erased significant gains. The wild market moves overnight were perhaps owing to both stretched market valuations and thin liquidity conditions, which can exacerbate market movements even with a small catalyst. Besides, still rapidly climbing coronavirus cases and the resulting lockdown measures serve to suppress risk app

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