This article was first published on Orbex Forex Trading Blog.
- -
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
- -


Greenback Attempts Pullback

The dollar index ended 0.52% higher on Monday, pulling firmly away from the 90 handle.

Investors started to price in more stimulus once Joe Biden officially becomes the next President, after disappointing job numbers last week.

As the political turmoil rages on, the Democratic party started a new impeachment bid to remove Trump from office.

FBI officials have warned the public over continuous protests. With just over a week to go before Biden’s inauguration, will any more drama unfold?

Euro Diminishes as the Sell-Off Begins

The euro fell for a third straight session in a row, as it eventually ended 0.54% lower.

Optimism surrounding further stimulus boosted the greenback over the euro, whilst the rising number of new infections, and the appearance of new strains of the coronavirus weighed on economic growth prospects.

The 1.21 handle seems to be the next target for the currency pair, as Italy and Spain face warnings over their crippling debt.

Sterling Keeps T...

To keep reading this article, please navigate to: Orbex Forex Trading Blog.