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May 7, 2021 07:36 GMTFXStreet News USD/CHF defensive near 0.9070 in the early European session. A softer US dollar prompts recent gains in the pair. Swiss employment and US NFP eyed. The USD/CAD pair seems vulnerable to the downside, as it holds onto the multi-month lows near 0.9070 in the early European session. The depreciative move in the greenback held responsible for the pair’s muted performance. At the time of writing, USD/CAD is trading at 0.9073, up 0.04% on the day. The US dollar index (DXY), which tracks the movement of the USD against its rivals, pauses the downward slide near 90.80 after tracking recent traction in US Treasury yields with gains of 0.44% on Friday ahead of the US Non Farm Payrolls Data (NFP). ....
April 1, 2021 - Written by John Cameron GBP/USD Exchange Rate Rangebound as ‘Greenback’ is Buoyed by Safe-Haven Demand The Pound US Dollar exchange rate held steady today following President Joe Biden’s announcement of a $2 trillion infrastructure stimulus package. The pairing is currently fluctuating around $1.37. Mr. Biden commented on the stimulus plan: ‘It is not a plan that tinkers around the edges. It is a once-in-a-generation investment in America.’ He also added: ‘The divisions of the moment shouldn’t stop us from doing the right thing for the future. I’m convinced that if we act now, in 50 years people are going to look back and say this is the moment when America won the future.’ ....