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uk recession

US Dollar Weakens as Stimulus Talks Take Their Toll

The US Index closed 0.27% lower on Wednesday as an imminent stimulus deal faded.

The Index is back to trading in negative territory following three consecutive daily advances.

The greenback lost some ground on its main rivals as talks over a deal are ongoing. However, no significant progress is on the horizon for now.

The US dollar capped its fourth consecutive gain against the yen as risk appetite continues to shift. The pair closed higher by 0.40% as it pushes towards the 107.00 handle.

Eurozone Shows Signs of Recovery, but How Long Will It Last?

The eurozone’s industrial production figures indicated the region is bouncing back from the coronavirus pandemic.

The euro managed to claw back recent losses against the US dollar by closing 0.31% higher yesterday.

With manufacturing figures still under average, there are signs of a slight recovery.

UK on the Brink?

The pound closed 0.15% lower on Wednesday as the UK officially went into a ...

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