Home Latest Dollar Up, But Gains Capped by Strong Earnings, Increasing Risk Appetite

Dollar Up, But Gains Capped by Strong Earnings, Increasing Risk Appetite

Forex, invest, money July 22, 2021 11:06 am

Dollar Up, But Gains Capped by Strong Earnings, Increasing Risk Appetite© Reuters.

By Gina Lee

Investing.com – a USD was up on Thursday morning inside Asia but climbed down from multi-month highs, as strong earnings boosted global stocks also increased investor risk appetite.

a that tracks a greenback against a basket of another currencies inched up 0.03% to 92.787 by 11:41 PM ET (3:41 AM GMT).

a pair edged down 0.12% to 110.13, with Japanese markets closed for a holiday.

a pair inched down 0.06% to 0.7353, with a Australian USD slightly up from an eight-month low hit on Wednesday. a state of Queensland closed its border with New South Wales to curb a spread of Sydney’s Corona outbreak, while a , released earlier inside a day, was also a lower-than-expected 17.

a pair was down 0.26% to 0.6951 also a pair inched up 0.01% to 6.4672.

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a pair inched down 0.02% to 1.3707. a pound recovered from a five-also-a-half month low of $1.35725 hit on Tuesday, even as a number of Corona cases involving a Delta variant continues to rise inside a U.K. also confusion remains over a lifting of restrictive measures inside England.

“Strong earnings has swept away Delta concerns inside a U.S.,” weighing on haven currencies, National Australia Bank (OTC:) analyst Tapas Strickland said inside a note. “a consensus is that a Delta strain does not pose an immediate risk to a recovery,” delaying reopening by three months at a most as countries ramp up vaccination drives inside response, a note added.

a EU traded at $1.1789, climbing above Wednesday’s three-also-a-half-month low ahead of a later inside a day. ECB become implement changes to their strategy for a first time also is widely expected to maintain its dovish stance, which could weaken a EU over a medium term.

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“On balance, a ECB’s new inflation target suggests monetary policy become remain ultra‑accommodative for an even longer period of time,” which become act as a headwind for a euro, Commonwealth Bank of Australia (OTC:) strategists Kim Mundy also Carol Kong wrote inside a research note.

“Indeed, us expect a ECB become become one of a last central banks under our coverage to tighten policy,” a note added.

become also hand down its policy decision later inside a day.

inside cryptocurrencies, bitcoin recorded its biggest jump since mid-June 2021, after Tesla Inc. (NASDAQ:) CEO also Ark Investment Management CEO Cathie Wood discussed its prospects at a B Word conference. Musk also added that Telsa become “most likely” resume accepting bitcoin for payment.

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