VipBlogSpots

The United States Dollar Tests 2-year Low Amid Crises

The United States Federal Reserve will conclude its latest two-day meeting on Wednesday. Furthermore, there have been some signs that coronavirus is waning in some of the previous hotspots.
There are doubts concerning the United States‘ economic recovery. Moreover, the Federal Reserve is concluding its last meeting.
Thus, on Wednesday, in Early European Trade, the United States dollar traded lower. The dollar index tracks the greenback against a basket of six other currencies.
At 0700 GMT (3AM ET), the index was down by 0.2% to 93.507. Thus, it is not far removed from the 93.448 low last seen in May 2018.
Against both risk and haven currencies, the dollar continued to lose ground. The EUR/USD pair was up by 0.3% to 1.1753, USD/JPY decreased by 0.1% at 104.97, and GBP/USD gained by 0.1% to 1.2946.
The United States Federal Reserve will conclude its latest two-day meeting on Wednesday. It will most probably stick to a dovish stance at its policy review later in the day.
Moreover, in their recent public appearances, many of its officials have given gloomy forecasts. Dollar and Others Furthermore, there have been some signs that coronavirus is waning in some of the previous hotspots.
Thus, four states within the United States in the west and south reported single-day records for coronavirus deaths. This happened on Tuesday.
Therefore, nationwide cases stayed high. Eroding confidence is weighing on the dollar when it comes to the United Recovery.
That is not being helped by the perception of a lack of unity among the United States lawmakers. Thus, it creates doubt concerning the timing of the next relief package.
Some Republicans in the United States Senate have railed against their own party’s $1 trillion coronavirus relief proposal. Meanwhile, democrats called for a much larger package.
In a research note, analysts at ING said that it is unclear as to when and in what form the stimulus will pass. The possible delay is underscoring the downside risks to the United States’ economic recovery (Rising Covid-19 cases already hit it).
Source: Free Articles from ArticlesFactory.com Worked at the NYSE for 5 years before becoming a financial analyst. Published several articles on a stock exchange and forex trading..

Top blog stories

A review of Idmobile.com

Idmobile.com offers both pay-as-you-go and contract plans. Pay-as-you-go plans are ideal for customers who don't want to be tied down to a long-term contract, and they can purchase bundles of data, minutes, and texts as and when they need them.

see post

A review of Idmobile.com

see post

AO.co: Online Shopping Made Simple

AO.co is a trusted expert in TVs, washing machines, clothes dryers and other household appliances. AO.com is one of the largest retailers in the UK and it specializes in electronics, clothes and home furniture.

see post

For our people.

At Three, we believe phones are good. They just make life better. Easier. And more fun. But we all need to find a balance that works for us. Our mission is to help our customers use their phones to live their best lives.

see post

We make your life easier

We make your life easier Since 1992, we’ve been helping customers get the best deal on their dream phone. We firmly believe in giving you the highest quality, for the lowest price. That’s why we work with three of the UK’s leading networks to do all the haggling for you,...

see post

FOUR BRANDS BECOME ONE. CURRYS.

Currys PLC is a leading omnichannel retailer of technology products and services, operating through 800+ stores and 16 websites in seven countries.

see post

Halfords - Quicker, Easier, and Convenient.

At Halfords, we're all about the journey. With more than 700 stores with over 10,000 colleagues, we're the UK's leading retailer of automotive and cycling products. We are also the leading operator in MOT, tyres, car servicing and car repairs - pleasing more than 750,000 customers every year.

see post

FOUR BRANDS BECOME ONE. CURRYS.

Currys PLC is a leading omnichannel retailer of technology products and services, operating through 800+ stores and 16 websites in seven countries.

see post

Sky - Epic. Endless. Entertainment.

It's important to us that everyone gets great customer service and can enjoy our products, no matter their level of sight. So, if you're blind, partially sighted or struggle to see or read the screen, we’ve a range of features to help you get the most from our products and...

see post

Nasty Gal - We exist for the “girl in progress”.

Look iconic, without the hassle— using Nasty Gal discount codes, you can shop your favorite pieces for way less by simply entering one of our promotional codes (of your choice) at the checkout. From delivery offers, to promo deals, we keep ‘em coming, so you always have the offer you...

see post

Digital Publishing From Past to Now

The Covid-19 has caused the school and universities to shut down around the world creating a major issue in Learning and Education. As this virus spreads through the interaction and if social distanci... The Covid-19 has caused the school and universities to shut down around the world creating a major...

see post

Why its Important to Manage Your Holiday Calendars?

A printable calendar 2021 is a prominent online platform where you download printable calendars of your choice. These calendars can be customized as per our client requirement with photo, text, logo, or any other image. If you are thinking of planning a dream vacation tour with family and kids but...

see post