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Dollar Freefall Continues

The dollar index closed 0.44% lower yesterday as it lost sight of the 90 ceiling.

Ripple effects of the Fed’s dovish policy meeting continued to weigh heavy on the greenback.

Weekly unemployment claims showed figures rose to the highest level since early September, as the numbers slowly creep back towards the million mark.

In addition, the number of new infections surged to a new daily high, and the fears of a post-Thanksgiving spike seem to be confirmed.

Joe Biden will certainly have his hands full when he takes over next month.

Euro Jumps Past 1.22

The euro advanced for a fourth consecutive session, closing 0.56% higher on Thursday.

Fresh multi-year highs continued as the bearish pressure surrounding the US dollar remained amid growing prospects for additional stimulus measures.

Inflation in the euro area, as measured by the Consumer Price Index, was -0.3% in November. Whilst eurozone consumer prices fell for a third consecutive month, the steepest decline s...

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