The Dollar Remains On The Back Foot, As The Market Mood Recovers On Vaccine Hopes
Belize – Major global stock markets saw a recuperation yesterday but The U.S. Dollar is more fragile, in line with the long long-term bearish trend established following June’s “death cross” in the USD Index. The US dollar has plunged against riskier currencies as hopes for a COVID-19 vaccine and huge corporate deals improved traders’ craving for assets such as the Chinese yuan and the euro.
The US dollar index dipped to 92.910 on Tuesday, slipping further from a one-month high of 93.664 touched last Wednesday, with its low a week ago of 92.695 seen as immediate support.
Since the world is facing tough times and the economy has already witnessed great distress, it seems any news related to the COVID 19 immunization fetches a good opportunity for investors and this euphoria continues to reflected across global stocks, currency, and commodity markets. Such fluctuations can lead to better yield for the investors with the insight and accurate predictions that Vextrader provides to its clients.
Vextrader, with a Complete Suite of Financial Products, serves its clients via the award-winning Meta Trader 5 trading platform and provides up-to-date market analysis for fast trades. As juicy as forex trading seems, Vextrader, a regulated forex broker can generate greater profits for its investors and making the most from its acute predictions for fluctuations in the market.
About Vextrader
Established in 2011, Vextrader offers world-class service fueled by the founders’ combined expertise, which they gained in the online trading world. Vextrader has executed the most advanced and trusted technologies, used by corporate 500 companies, to ensure its customer’s assets and security. Vextrader has picked the most popular currency pairs and commodities like Gold, Crude oil, and CFDs. With more than thousands of clients trading daily, the innovative broker is all set to attract more traders by introducing a simpler and better way to trade through its extremely user-friendly Forex trading platform.
Media Contact
Company Name: Vextrader Group Limited
Contact Person: Paul Scott
Email: Send Email
Phone: +16 4749 87871
Address:Barrier Reef Drive, San Pedro Town
City: Ambergris Caye
Country: Belize
Website: https://vextrader.com
