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January 24, 2021

The US Dollar rose versus a basket of major currencies on Thursday after falling in the past two sessions.

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The US Dollar rose versus a basket of major currencies on Thursday after falling in the past two sessions, the index was supported by the political uncertainties regarding Brexit’s deal.

The U.S Dollar index gained around 0.09 percent versus a basket of six major currencies on Thursday to end the session at 96.91.

Over in Europe, EURUSD rose by 0.15 percent for the third session in a row to close the session at 1.13250 as investors welcomed Britain’s draft Brexit deal and as the concerns eased regarding the Italian budget.

Over in the United Kingdom, the Sterling dropped significantly on Thursday’s session after British Brexit minister Dominic Raab resigned in protest at the draft deal for leaving the European Union. The GBPUSD plunged by 1.17 percent versus the U.S. Dollar to trade at 1.27737 at the close.

In terms of Safe-havens, both the Swiss Franc and the Japanese Yen lost against the U.S. Dollar. The USDCHF and USDJPY ended Thursday’s trading session higher at 1.00635 and 113.622 respectively.

Precious metal Gold extended gains on yesterday’s session for the third consecutive session. The Gold rose against Greenback by around 0.2 percent to settle up at 1213.10 on Thursday.

In terms of commodity-currencies, the Loonie Dollar rose against its U.S. counterpart, as the USDCAD fell by 0.48 percent to end the session on Thursday at 1.31763.

Meanwhile, in Asia, the AUDUSD rose by 0.64 percent to trade at 0.72755 and the NZDUSD gained around 0.42 percent to trade at 0.68256 at the close.

In Cryptocurrencies, Bitcoin and Ethereum extended losses against the Greenback on yesterday’s trading session as both cryptocurrencies fell to reach 5447.91 BTCUSD and 172.74 ETHUSD. Meanwhile, Litecoin bounced back after six sessions of dropping to end the session higher at 41.17 LTCUSD on Thursday.

 

 

 

Ali Hwary

Ali Hwary

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