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Day: January 4, 2021

Dollar Index Hits New Multi-Year Low, Set for Deeper Fall in Early 2021

The dollar hit new three-year low against the basket of major currencies on Monday, starting trading in 2021 in red, after registering drop of nearly 6.5% in the year 2020. Covid-19 pandemic that devastated the US economy and ultra-low interest rates deflated the greenback, while rising optimism on hopes that economic recovery would accelerate after …

Dollar Index Hits New Multi-Year Low, Set for Deeper Fall in Early 2021Read More

Home prices are rising faster in the middle of the U.S. as Covid drives people away from coasts

Homes in Memphis, Tennessee. Getty Images Home prices are rising across the nation, but the Covid pandemic is turning the usual geographical trends on their heads. Home values have historically risen most sharply in large cities on the coasts, where supply is leaner and demand is stronger. That is no longer the case. Smaller metropolitan …

Home prices are rising faster in the middle of the U.S. as Covid drives people away from coastsRead More

Bitcoin falls over 10% as record-breaking rally loses steam

An illustration of bitcoin on Euro banknotes. Nicolas Economou | NurPhoto via Getty Images Bitcoin is pulling back from its record highs. The cryptocurrency briefly dipped below $30,000 Monday, just two days after breaching that level for the first time. The price of bitcoin rallied to a fresh all-time high over the weekend, topping the …

Bitcoin falls over 10% as record-breaking rally loses steamRead More

Dollar Trades Lower as Markets Open the Year on Firm Footing

Dollar trades generally lower today as Asian markets ex-Japan open the year on strong footing. Investors are generally riding on optimism of vaccine rollouts and an eventual sustainable global recovery. Though, for the short term, Japan is facing risk of more lookdowns while coronavirus infections in the US could still surge again. The forex markets …

Dollar Trades Lower as Markets Open the Year on Firm FootingRead More

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