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Dollar fall ahead of US unemployment claims

Economies.com
2021-04-22 12:03PM UTC

The US dollar fell on Thursday, to deepen its losses for the second straight day, amid strong risk appetite after most global stock markets rallied, while the US Treasury bond yields fell, ahead of the US unemployment claims reading.

 

The dollar index fell over 0.1% to 91.00 points, after opening at 91.11 points, and hit a high of 91.20 points.

 

The US dollar fell 0.1% yesterday, after a strong rebound in US stocks.

 

The 10-year US treasury yields fell 1.8% today to a 1-week low of 1.531%, which lifts the market's risk appetite. 

 

At 12:30 GMT, the US unemployment claims reading is expected up to 0.607 million during the week ending April 16, from 0.576 million during the previous week.

Dollar gives up early gains, turns lower

Economies.com
2021-04-21 18:42PM UTC

The US dollar fell against most major currencies on Wednesday, and pared its early gains.

 

This comes amid anticipation of the results of major companies for the first quarter of this year.

 

Netflix revealed yesterday its quarterly business results, and reported higher-than-expected profits and revenues, but the number of new subscribers was less than expected during the three months ending on March 31.

 

Major companies will report their earnings results in the next few days, led by Apple, Microsoft, Tesla, Facebook, Amazon and Alphabet.

 

Efforts to contain the Covid-19 pandemic are continuing by distributing millions of vaccines.

 

The dollar index fell against a basket of currencies by 0.1% to 91.1 points as of 18:31 GMT, after it hit a high of 91.4 points and a low of 91.09 points.

Gold jumps to 2-month peak

Economies.com
2021-04-21 18:57PM UTC

Gold prices rose on Wednesday, and hit a 2-month high as the US dollar fell against most of its peers.

 

This comes amid anticipation of the results of major companies for the first quarter of this year.

 

Netflix revealed yesterday its quarterly business results, and reported higher-than-expected profits and revenues, but the number of new subscribers was less than expected during the three months ending on March 31.

 

The dollar index fell against a basket of currencies by 0.1% to 91.1 points as of 18:45 GMT, after it hit a high of 91.4 points and a low of 91.09 points.

 

Gold June futures rose 0.8% or $14.70, and closed at a 2-month high of $1,793.1 an ounce, after hitting a day high at $1,798.4 and the low at $1,776.6.

US stocks extend gains, Dow Jones jumps back above 34,000

Economies.com
2021-04-21 20:39PM UTC

US stock indices closed higher on Wednesday, and extended gains amid anticipation of the quarterly business results for the first quarter.

 

Netflix revealed yesterday its quarterly business results, and reported higher-than-expected profits and revenues, but the number of new subscribers was less than expected during the three months ending on March 31.

 

This comes amid anticipation of the results of major companies, led by Apple, Microsoft, Tesla, Facebook, Amazon and Alphabet.

 

To the oil market, To the oil market, WTI crude May futures fell 2.1% or $1.32, and closed at $61.35 a barrel, after hitting a high of $62.5 and a low of $60.8.

 

Brent June futures fell 1.9% or $1.25, and closed at $65.32 a barrel, after hitting a high of $66.5 and a low of $64.9.

 

As for stocks, Dow Jones rose 0.9% or 316 points, and closed at 34,137, with a day high of 34,160, and a low of 33,773.

 

Nasdaq rose 1.2% or 164 points to 13,950, with a high of 13,951 and a low of 13,706 points.

 

S&P 500 rose 0.9% or 38 points to 4,173, after hitting a high of 4,175 and a low of 4,126.