TrendsWide
Contact US
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
No Result
View All Result
Home Trending

Dollar falls after Biden announced a huge aid package

by souhaib
January 21, 2021
in Trending
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on TwitterShare on Reddit
ADVERTISEMENT


The dollar fell against the major counterparts, today, Thursday, as demand for safe-haven currencies was undermined by optimism that a large stimulus package pumped by the new US administration will boost growth.

Commodity-related currencies received a boost as Asian stocks tracked their US counterpart to record highs, after Joe Biden was sworn in as president. Biden announced an aid package to mitigate the repercussions of the Corona pandemic, worth $ 1.9 trillion.

“Risk sentiment is very positive now, and we expect it to remain so this year, as growth is expected to pick up very strongly,” said Shinichiro Kaduta, chief currency analyst at Barclays Capital in Tokyo.

He added that the Canadian dollar and the Norwegian krone would likely perform better than the rest of the market, while European currencies would lag behind.

He said that the US currency should rise this year against the euro, as the United States is recovering faster than most other countries.

The dollar index fell 0.2 percent to 90.268 points, dropping for a third day since touching nearly a month’s high of 90.956 on Monday.

The US dollar fell 0.2 percent to 1.2611 Canadian dollars in Asia, to decline for a third day. It touched a three-year low of 1.2607 Canadian dollars overnight after the Bank of Canada chose not to cut interest rates.

The dollar fell 0.4 percent to 8,456 Norwegian kroner, which is also the third day of decline.

The Australian dollar rose 0.4 percent to 77.74 US cents, adding to a 0.7 percent rise in the previous session. Data released on Thursday showed that Australia recorded another strong hiring increase in December.

The dollar lost 0.2 percent to 103.59 Japanese yen, another safe-haven currency, today, after falling to a two-week low of 103.33.

The euro gained 0.2 percent, to reflect a similar decline recorded in the previous session, to trade at $ 1.2135.

Source: Reuters

Follow RT onRT
RT

You might also like

Michigan inmate dying of cancer begs Gov. Whitmer for freedom after 46 years

AMD’s Revenue Plunges Amid Weaker Laptop Income

Federal Companies Had Intel to Avoid Jan. 6, Investigator States: NBC



Source link

Tags: rt arabic
Share30Tweet19Share
Previous Post

Covid-19: Warning over infection levels and holiday firm’s vaccination demand

Next Post

Brisbane woman finds man pooping in her back yard a month after moving in

souhaib

Recommended For You

Michigan inmate dying of cancer begs Gov. Whitmer for freedom after 46 years

by souhaib
February 1, 2023
0

Theresa Dunlap, who is serving a life without parole sentence for first-degree murder, has stage 4 cancer and wants to be released after 46 years in prison. Seated...

Read more

AMD’s Revenue Plunges Amid Weaker Laptop Income

by souhaib
February 1, 2023
0

AMD’s Revenue Plunges Amid Weaker Laptop Profits

Read more

Federal Companies Had Intel to Avoid Jan. 6, Investigator States: NBC

by souhaib
February 1, 2023
0

Legislation enforcement companies could have prevented the Jan. 6 assault, a committee investigator claimed. Tim Heaphy advised NBC Information that the FBI and DHS had vital intel but...

Read more

These days in Historical past for February 1st

by souhaib
February 1, 2023
0

Highlights of this working day in background include things like: the Area Shuttle Columbia tragedy a searing impression from the Vietnam War Ayatollah Khomeini returns to Iran, ending...

Read more

Missing Nicola Bulley daughter’s ‘cried their eyes out’ following father told them: ‘Mummy’s lost’

by souhaib
February 1, 2023
0

The distraught partner of lacking mother Nicola Bulley has tried to gently crack the information that 'mummy is lost' to their two minor women, aged nine and 6. Ms...

Read more
Next Post

Brisbane woman finds man pooping in her back yard a month after moving in

No Result
View All Result

Recent Posts

  • Michigan inmate dying of cancer begs Gov. Whitmer for freedom after 46 years
  • AMD’s Revenue Plunges Amid Weaker Laptop Income
  • Federal Companies Had Intel to Avoid Jan. 6, Investigator States: NBC
  • These days in Historical past for February 1st
  • Missing Nicola Bulley daughter’s ‘cried their eyes out’ following father told them: ‘Mummy’s lost’

Browse by Category

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Politics
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Categories

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Politics
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Pages

  • Contact US
  • Newsletter
  • Privacy Policy
  • Terms & Conditions

© 2021 - TrendsWide

No Result
View All Result
  • Home
  • Contact US
  • Privacy Policy
  • Trending
  • U.S.
  • Economie
  • Deals
  • Reviews
  • Cryptocurrency
  • Health
  • Life Style
  • NBA

© 2021 - TrendsWide