New COVID-19 Strain Inflicts Pain on Sterling and Stocks
On Monday, there was a 2% decline in European stocks, while the US dollar strengthened and there was an increase in market volatility, amidst growing unease about the economic damage that would occur because of a new coronavirus strain in England, which saw a number of European countries close...
Stocks Rest after Progress in COVID-19 Vaccine
On Wednesday, world stocks were just shy of record highs on hopes of a COVID-19 vaccine and additional US fiscal stimulus, even though the dollar was stuck at a two and a half year low because of enthusiasm for riskier assets. Britain became the first country on Wednesday to...
Vaccine Hope and Biden Transition Drive Up Stocks, Bitcoin and Oil
On Tuesday, oil, stocks and risk currencies, which included Bitcoin, all saw gains as the formal go-ahead was given to President-elect Joe Biden to start his transition to the White House. There was a 3% rise in the world’s most popular crypto, as it was just shy of its...
Vaccine News Keeps Dollar Down, Kiwi and Aussie Strengthen
On Monday, the riskier currencies saw a boost after progress towards a coronavirus rollout was made, but it kept the US dollar on its existing downward trend. On Monday, it was announced by drug maker AstraZeneca that their COVID-19 vaccine could prove to be 90% effective. The British pharmaceutical...
World Stocks Slip from Highs, Oil Prices Down Due to COVID
On Thursday, oil prices fell and world stocks slipped for the third day in a row, tracking overnight weakness in Wall Street and Asia, as market sentiment was weighed down by widening COVID-19 restrictions. Earlier in the week, the MSCI world index had reached a record high due to...
On Wednesday, global shares changed little and oil prices rose, as a surge of new coronavirus cases and weak retail sales in the U.S. dampened, but it did not fully extinguish the euphoria brought on by the recent breakthroughs in the COVID-19 vaccine. At 0823 GMT, the MSCI world...
Euro Reaches One-Week High as Vaccine Boosts Investor Spirits
On Monday, the British pound and euro gained while the dollar dropped, as investors started the week in an upbeat mood after Asia showed some strong data and hopes for an effective COVID-19 vaccine. Even though there were fears of a resurgence of global COVID-19 cases, investors remained hopeful...
Vaccine Hopes Buoys Euro and Offshore Yuan Rises
On Tuesday, the euro climbed against the dollar, as it was boosted by optimism due to another coronavirus vaccine. Meanwhile, China’s offshore yuan reached its highest level against the U.S. dollar, which it had last hit in June 2018. However, there was a decline in Europe’s shared currency against...
Dollar Declines as Vaccine Euphoria Fades and Yen Moves towards Worst Week
On Friday, the U.S. dollar slipped and the risk appetite in currency markets eased up, as worries about the economic impact of the increasing coronavirus cases in the United States and Europe tempered the initial euphoria brought about by a possible vaccine. On Monday, global markets surged after Pfizer...
Dollar Steadies as Optimism over Vaccine Wanes
The U.S. dollar steadied as optimism about a potential COVID-19 vaccine was offset by a surge of new cases in the United States and worries over how the drug would be delivered. After an early dip, the New Zealand dollar made a recovery to reach its strongest level in...

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