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Forex Today: Dollar eases as optimism fades


Feb 18, 2021 20:57 GMTFXStreet News
What you need to know on Friday, February 19:
The greenback lost momentum, as demand receded. European currencies were
the most benefited with EUR/USD peaking around 1.2090 and GBP/USD surging to a fresh multi-month high of 1.3985. Commodity-linked currencies posted modest advances against its American rival.
US Treasury yields eased. Worse-than-expected
US employment-related data provided short-lived support, but yields ended the day in the red. Global indexes also fell, but Wall Street managed to bounce off lows ahead of the close.
The European Central Bank published the Accounts of its latest meeting, and as the US Federal Reserve did a day before, policymakers noted that ....

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Forex Today: Dollar keeps rallying, gold plummets


Feb 17, 2021 20:57 GMTFXStreet News
What you need to know on Thursday, February 18:
Demand for the greenback persisted, backed by higher
US Treasury yields, as those on long-term government debt reached fresh one-year highs. Upbeat US Retail Sales, probably as a result of stimulus checks, further supported the American currency.
The FOMC published the Minutes of their latest meeting, which showed that policymakers believe it’s premature to talk about tapering QE, as assets purchases would remain at current levels until Q1 2022. Policymakers also noted that the pace of the
economic recovery has moderated in recent months.
European indexes closed in the red, but US ones managed to trim most of their early losses following the release of the FOMC Meeting Minutes, amid renewed hopes for more easy money coming. ....

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