Dollar Down, Economic Recovery Hopes Continue to Grow – The dollar was down on Wednesday morning in Asia to near two-week lows as demand for safe-haven assets faded. Hopes for a global economic recovery from COVID-19 continue to grow alongside hopes for further, massive fiscal and monetary stimulus.

The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched down 0.05% to 90.370 by 10:54 PM ET (3:54 AM GMT).

The USD/JPY pair inched down 0.02% to 104.55. The dollar gained 0.1% against the yen, after it dropped to 104.5, the lowest point so far in February, during the previous session.

The AUD/USD pair inched up 0.05% to 0.7742, while the NZD/USD pair inched down 0.04% to 0.7237. Read more…..


Chart of the Day

Icarus TV

CNBC’s Mike Santoli takes a look at market trends and the optimistic case for averages to move higher.

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