For those of you keenly watching the movement of the USD, here is an update. The USD ended lower on the first day of the week, due to:
- Investors are cautious ahead of the release of Fed Reserve meeting minutes on Wednesday.
- Deadlock between the US Democrats and Republicans in the US Stimulus negotiations
- China – American tensions (On Monday, the US has announcement its plan to restrict the type of hardware Huawei devices can access).
- Softer treasury yields.
This risk on sentiment is now adding to bearish claims around the USD. The dollar index (which tracks the value of the greenback against majors) is seen noting losses for the 5th straight trading day with risks to hit the 26-month low of 92.52.
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