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April 16, 2021

The U.S. Dollar index fell against a basket of six major currencies by percent to close Monday’s trading session in the red territory after the U.S. President Donald Trump commented that he would criticize the Fed if it kept raising interest rates.

us dollar

The U.S. Dollar index fell against a basket of six major currencies by around 0.32 percent to close Monday’s trading session in the red territory at 95.69 after the U.S. President Donald Trump commented that he would criticize the Fed if it kept raising interest rates.

In the Eurozone, the Euro rose against the U.S. Dollar by 0.37 percent to end the session in the green at 1.14811 EURUSD ahead of the trade talks between the United States and China that is due on Wednesday.

Meanwhile, the British Pound rose against the Greenback by 0.35 percent to end the session up at 1.27959 GBPUSD but still near its 14-month low due to the concerns on whether Britain will get a trade deal with the European Union or not.

Regarding safe-havens, the Greenback declined against the Japanese Yen and Swiss Franc for the second day in a row to end the session lower at 110.063 USDJPY and 0.99132 USDCHF. Meanwhile, the prices of precious metal closed the trading session in the green at 1190.20 XAUUSD.

Elsewhere in Canada, the U.S. Dollar dropped against the Loonie where it closed the session in the red at 1.30415 USDCAD; the Canadian Dollar was supported by the gains of the U.S. crude oil and by Donald Trump’s comment which pressured the Greenback regarding a dissatisfaction towards the Fed’s tightening policy.

In Asia, both the Aussie and Kiwi rose against their U.S. counterpart for the third session in a row to end the session higher at 0.73371 AUDUSD and 0.66401 NZDUSD; due to the U.S. President Donald Trump’s comments on the Fed.

In Turkey, the U.S. Dollar advanced against the Turkish Lira by 1.5 percent to end the session higher at 6.0651 after both Standard & Poor’s and Moody’s downgraded the country’s credit ratings and the news about shots being fired at the U.S. embassy in Ankara.

Regarding Cryptos, Bitcoin, LTCUSD and ETHUSD fell against the U.S. Dollar to end lower at 6429.61, 54.05 and 283.66 respectively.

 

Ali Hwary

Ali Hwary

Established in 2006, INGOT Brokers was initially launched with a unique vision to provide unparalleled superior trading environment, and the best trading tools in the industry. INGOT Brokers provides a broad range of products and services which include ETFs, MENA, International shares and indices, commodities, metals, energies, as well as currencies. INGOT Brokers is a pioneer company in online financial trading, executing billions of transactions on monthly basis and its regulated by the Australian Securities and Investments Commission (ASIC) with AFSL license number 428015. Visit Ingot Brokers: <a href="https://www.ingotbrokers.com.au">https://www.ingotbrokers.com.au</a>

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