Stock rally, U.S. stimulus stalemate keep dollar on defensive

  • 📰 Reuters
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 7%
  • Publisher: 97%

The dollar fell to its lowest in a week against a basket of currencies on Thursday, with analysts pointing to equity market resilience and a stalemate over additional stimulus for the U.S. economy as reasons for its weakness.

United States Headlines News

United States Latest News, United States Headlines

FILE PHOTO: U.S. dollar notes are seen in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic

Analysts note recent equity market resilience - despite rising coronavirus cases, a stalemate in U.S. relief package negotiations, and geopolitical tensions - only works against the dollar.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Follow RydeTVKe

The stock market is not the economy.

It Has Been MANY Days Since Trump Signed HIS Executive Orders: WHERE Are The Funds For Desperate People? Where Is The Comprehensive & Republican Implementation Plan For Trump's Executive Orders? yasminv EarlyStart CNNSitRoom Morning_Joe SenCoryGardner senatemajldr JoeNBC

Translation: America rules

PESTE , FOME ,GUERRA , FIM .. PLAGUE ,HUNGER , WAR , END ...

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Equity positioning is still low despite stock market rally, HSBC strategist saysWillem Sels, global chief market strategist at HSBC Private Banking, believes that equities by-and-large remain supported by four factors. PERMABULLSHIT
Source: CNBC - 🏆 12. / 72 Read more »

Heard on the Street Summer Stock Picking Contest 2020Think you're smarter than our markets gurus? Compete against WSJheard columnists in our annual stock picking contest to find out heard heard Boy, I wonder which 5 stocks everyone is gonna pick Stop wasting everyone's time
Source: WSJ - 🏆 98. / 63 Read more »

The stock market is this close to setting another record -- the shortest bear market in historyThe S&P 500 could finish Tuesday at a new record high -- its first since the pandemic hit and exceeding its all-time high from February. That would mean it took Wall Street less than five months to go from nadir to new record, and the 2020 bear market would be the shortest in history. Thank you Trump...or does Obama get credit on this Thank you President Trump. If the Democrats would work to gather and not make all decisions political for power think of where our country would be. That is why we nee 4 more years of Trump policies and take back the House from Pelosi who is using the people to regain power. Sad When the S&P 500 hits new highs Trump always does something cocky. So be prepared readers.
Source: CNN - 🏆 4. / 95 Read more »

Stock Market May Be Banking On More Stimulus, Bond Markets Don’t See ItThe stock and bond markets are telling different stories about stimulus and the U.S. economic trajectory. Let's go Rangers.
Source: Forbes - 🏆 394. / 53 Read more »

Millennials say Facebook worst FAANG stock to own for next 10 years: panel - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. LMAO. All they do is pump out profit. Millenials say that Facebook is for older people. Then they turn around and check their Instagram and Whatsapp accounts.....
Source: BusinessInsider - 🏆 729. / 51 Read more »

Opinion | Get Ready for the Biden Stock BoomFrom WSJopinion: Expect some turbulence in the stock market if Biden is elected—but 15% annual returns are possible even with the threat of higher taxes, writes Ed Finn opinion I would think the markets would want stability. opinion Expect Chaos! opinion Crash. Expect a crash. 82% will see tax increases. He will destroy what’s left of the economy.
Source: WSJ - 🏆 98. / 63 Read more »