21st Dec. - Ahead of the Christmas celebrations which will be celebrated on December 24 this Thursday, the weak US Dollar over the past few weeks is now entering a new phase. News of the agreement of all parties to agree to support an additional $ 900 billion Dollar stimulus package gives new life to the ‘green back’ currency.
If you look at some major pairs such as GBP / USD, EUR / USD, AUD / USD and NZD / USD, the gap occurred during the market opening this week.
The GBP / USD pair traded at around 1.3600 last week, down to 1.335 today. The same goes for the EUR / USD pair which traded at 1.22600 last week but dropped to 1.21800 today.
The NZD / USD pair also saw a significant decline and is now at 0.70800 compared to 0.71500 last week.
We expect the US Dollar to continue to strengthen until the end of 2020.
AHMAD FAIZUDDIN BIN RAZALI
CHIEF ANALYST OF CDG GLOBAL
US DOLLAR STRENGTHENS RIGHT AFTER US CONGRESS AGREES TO SUPPORT NEW STIMULUS PACKAGE
ACCESS THE FINANCIAL MARKETS ONLINE ANYWHERE ANYTIME
It takes a few minutes to enter the exciting world of trading
FED Meeting Minutes Published This Week, Dollar Strengthening Pauses
Markets This Week: Stock Markets Will Continue To Be Turbulent, US Dollar Strengthens And Gold Prices Possibly Continue To Plunge
The Current U.S. Inflation Rate Is The Main Focus of The Market This Week
Asian Stocks Strengthen, Japan’s Economy Contracts in First Quarter of 2021