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1172 days ago

Extended lockdowns in Europe could weigh on #EURUSD

Germany locking down until Feb, UK until March - perhaps longer - whereas much of the US avoiding similar measures. Add in US economic stimulus and the short/medium term outlook in the US starting to look a lot brighter than Europe.

#Forex
Extended lockdowns in Europe could weigh on #EURUSD

1172 days ago

US Dollar remains the world's top currency

The renminbi still has a long to go before become the currency of tomorrow but with current trends, Ray Dalio has mentioned its potential to grow into one of the world's most popular currencies. However, as of now, the USD is still the dominant currency by a mile. The Euro is very strong as a Global Payment currency. Otherwise, we see the USD standing head and shoulders above the rest in foreign exchange reserves and turnover, debt, and international loans. Source: FT  

#Forex

1173 days ago

Dollar bearishness just hit a new all-time-high

Investors ramped up their bearish bets against the Dollar the most since early-Aug 2020 with USD’s net short reaching its highest mark on record (in dollar terms) at $35bn - source: Holger Z,  Scotia

#Forex
Bearish bets against the Dollar

1176 days ago

Global reserve currency's popularity usually lasts 100 years

So far, we've seen Portugal, Spain, the Netherlands, France, Britain, and now the USA. Now that the dollar is weakening, what will replace it? One idea: technology. 

#Forex #Macro
Global Reserve Currencies since 1450

1176 days ago

Dollar spikes on chatter Biden plans $2 TRILLION stimulus package

The Biden team is taking a "shoot for the moon" approach with the package, one lawmaker in close contact with them told CNN, though they added that the price tag could still change.

#Forex
Dollar spikes on chatter Biden plans $2 TRILLION stimulus package
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