Will the Australian dollar open the way to further gains in the mid-term?
Tag - usd
Dow Jones ended lower following late-day selling Wednesday on signs of further Covid-19 restrictions in the U.S. that threaten the pace of the recovery, and an intraday reverse in Boeing. Asian bourses were mixed as the region partially shrugged-off the risk-averse mood that rolled over from US where early vaccine optimism faded amid COVID-19 concerns.
The market sentiment is mixed, and the US dollar is trading near the lowest levels for over two years. Let’s have a look at the main market movements today.
1.33 - what is it for GBP/USD? Something you might have missed until now. Check it out.
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The worse-than-expected US retails sales pushed the USD down. How to trade today?
Global shares stepped back on Wednesday as soft U.S. retail sales increase worries that rising coronavirus cases could stifle a still fragile economic recovery, dampening the euphoria from vaccine trial breakthroughs.
US stocks are set to open slightly lower, retracing some - but by no means all - of Monday’s surge that took both the Dow Jones and S&P 500 to new record highs.
The vaccine news helped the risk-friendly Australian dollar, which climbed to a one-week high against its US counterpart.
The Australian economy gives a good recovery report. That may push the AUD even further. Read and discover.
Vaccine news from Moderna are still affecting the market, and there are many interesting trade opportunities out there!
Global stocks eyed a fresh record high on Monday as signs of economic recovery in Asia, recent strong corporate earnings, and hopes of a COVID-19 vaccine bolstered investor sentiment.