The dollar gained in early European trading Monday, trading around three-month highs, after the passage of the massive Covid-19 relief bill through the Senate added to a strong U.S. labor market report in fostering expectations of a strong recovery this year.
Saxo Bank, a Danish multi-asset brokerage, published its monthly trading metrics for February 2021, reporting a solid uptick overall but a marginal gain in foreign exchange demand.
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Pan-European exchange operator Euronext has reported an average daily volume (ADV) increase in its foreign exchange (FX) trading for February. The exchange had a 2.8% increase last month compared to the January figure.
Interactive Brokers LLC (NASDAQ:IBKR) has announced a new milestone growth, this time with the number of fee-generating trades hitting 3.7 million in February amid a surge in activity from people stuck at home during the coronavirus pandemic.
The dollar was up on Thursday morning in Asia, but stayed near three-year lows, as the U.S. Federal Reserve continued a dovish stance that stoked reflation fears.
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The dollar was down on Tuesday morning in Asia, dropping to a near six-week low as investors await U.S. Federal Reserve chairman Jerome Powell’s potential response to rising inflation worries.