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USD Price Outlook: US Dollar Mixed Amid Clash on Capitol Hill


USD Price Outlook: US Dollar Mixed Amid Clash on Capitol Hill
2021-01-06 22:30:00
Rich Dvorak,
Analyst
US DOLLAR OUTLOOK: USD PRICE ACTION CHOPPY AS DEMOCRATIC SWEEP, TREASURY YIELDS WEIGH
USD price action traded mixed on Wednesday and left the US Dollar Index largely unchanged
US Dollar direction clouded as surging Treasury yields offset democratic sweep implications
Developments in Washington, D.C. could exacerbate volatility and weigh on risk appetite
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The US Dollar struggled to find clear direction during Wednesday’s trading session. USD price action was mixed across the board of major currency pairs with the US Dollar strengthening against the Yen and Sterling while weakening versus the Euro and Aussie. Choppiness looked largely driven by confirmation of a democratic sweep, a sharp rise in US Treasury yields, and disconcerting developments ....

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USD Price Outlook: US Dollar Back on Defense as Brexit Weighs


USD Price Outlook: US Dollar Back on Defense as Brexit Weighs
2020-12-23 23:00:00
Rich Dvorak,
Analyst
US DOLLAR OUTLOOK: GBP/USD PRICE ACTION SURGES ON BREXIT DEAL CHATTER & STEERS DXY INDEX LOWER
US Dollar edged lower on Wednesday as bulls and bears battle over the Greenback’s direction
GBP/USD price action exploded over 130-pips higher on the session due to Brexit deal rumors
The DXY Index could continue mirroring the Pound-Dollar as well as the VIX ‘fear-gauge’
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The US Dollar declined broadly during Wednesday’s trading session as USD price action pivoted lower and unwound some of its recent gains. Sentiment-linked AUD/USD and NZD/USD ascended and were the top performing major currency pairs behind GBP/USD. The Pound Sterling, which makes up 11.9% of the DXY Index, surged over 130-pips on the day in response to news of a Brexit deal em ....

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