This website uses cookies to ensure you get the best experience on our website


17th Feb 2021
Dalmas Ngetich, for CryptoAltum News Team

The USD Running Higher, Reverses Losses Against Euro and AUD

The USD is firm, gaining versus major currencies, especially against the Aussie that's now peaking. Revival stems from the Reserve Bank of Australia's reiteration that the country may take years before inflation rises and full employment. These comments saw the AUD crater as USD bulls flew back in a reversal trade.


Presently, the U.S. is in a state of indecision. Analysts are watching several economic data before determining. Presently, the stimulus package is meandering its way through the reconciliation process. Central bank officials are confident that the distribution of funds won't impact inflation in the long-term. Already, despite exaggeration, the recent CPI readings were underwhelming. Combined with a weaker NFP report and more citizens claiming weekly jobless claims, the U.S. labor situation looks fragile. In the meantime, worse forecasts in Australia and mixed data in Euro allow the USD to stand out in a reversal trade supportive of the greenback.

Impact on the USD: 

Bullish. After weeks of optimism and deflating fundamentals, the USD bulls are now back in contention. Candlestick arrangement in higher time frames against the majors favors buyers in short to medium term.

More market news over on our Blog

Risk Disclosure: Trading cryptocurrencies or any other financial instrument involves a significant level of risk and may result in a total loss of your investment. You should consider carefully whether investing in Bitcoin or any other instrument offered by CryptoAltum is appropriate to your financial situation. CryptoAltum only accepts deposits in Cryptocurrencies. By trading with CryptoAltum you acknowledge your understanding of this risk disclosure and your agreement with the Terms and Conditions.

This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.

CryptoAltum does not accept any clients under the age of 18. 
  • Copyright Techcraft Ltd (CryptoAltum) 2020