Market News

Biden Appointee “Can’t Wait” for Stimulus; Stocks, Risky Assets Higher; Greenback Weaker; China Beats US on FDI.

Though higher currently, largely a factor of unexpectedly upbeat data, the US Dollar is likely to continue to come under pressure

The ECB had better get some good answers to the hard questions surrounding the coronavirus pandemic and vaccination program.

In London trading, the British pound struck a 2½ year peak versus the US dollar, as well as an 8-month peak against the euro.

Major U.S. Stock Indices Hit Record Highs; President Biden Signs First Executive Orders; Bank of Japan and Canada Hold Steady; Greenback Weaker.

Yellen the Magnificent: Treasury Nominee Ready for Control

News that UK inflation picked up slightly in December helped to push the pound higher against both of its key rivals, the US dollar and the euro.

In a recently released video, US President Donald Trump delivered his farewell address, highlighting his administration's economic achievements for the United States.

Trump Gives Farewell Address; Stocks Higher, Yellen Discusses Dollar and Treasuries.

The pound sterling made some headway against a weaker greenback while simultaneously losing ground against the strengthening euro.

According to Reuters, President-elect Joe Biden’s nominee for Treasury Secretary, Janet Yellen, will tell the Senate Finance Committee that the US government must take strong action with its next coronavirus relief package.

Yellen Calls for U.S. Action; AUD, NZD Higher; Stocks Up.

For the third straight day, the US dollar gained strength relative to its peers, and the US Dollar Index hit a 4-week peak.

China's National Bureau of Statistics recently reported that the country's gross domestic product rose by 2.3% in 2020, its slowest pace since 1976, making China one of the few countries in the world that managed to grow during the year.

Yellen Hints no Weak Dollar Policy; Markets Mixed, Chinese Stocks Continue to Rise