The dollar fell to its lowest in a week against a basket of currencies on Thursday, with analysts pointing to equity market resilience and a stalemate over additional stimulus for the U.S. economy as reasons for its weakness.
FILE PHOTO: U.S. dollar notes are seen in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic
Analysts note recent equity market resilience - despite rising coronavirus cases, a stalemate in U.S. relief package negotiations, and geopolitical tensions - only works against the dollar.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Equity positioning is still low despite stock market rally, HSBC strategist saysWillem Sels, global chief market strategist at HSBC Private Banking, believes that equities by-and-large remain supported by four factors.
Weiterlesen »
The stock market is this close to setting another record -- the shortest bear market in historyThe S&P 500 could finish Tuesday at a new record high -- its first since the pandemic hit and exceeding its all-time high from February. That would mean it took Wall Street less than five months to go from nadir to new record, and the 2020 bear market would be the shortest in history.
Weiterlesen »
Stock Market May Be Banking On More Stimulus, Bond Markets Don’t See ItThe stock and bond markets are telling different stories about stimulus and the U.S. economic trajectory.
Weiterlesen »
Millennials say Facebook worst FAANG stock to own for next 10 years: panel - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
Opinion | Get Ready for the Biden Stock BoomFrom WSJopinion: Expect some turbulence in the stock market if Biden is elected—but 15% annual returns are possible even with the threat of higher taxes, writes Ed Finn
Weiterlesen »