Moneycontrol PRO
you are here: HomeNewsOpinion

Blue sweep of Congress will add pressure to weak dollar, analysts say

The US currency has been on a losing streak since the unprecedented actions taken by the Federal Reserve last year to limit the turmoil caused by the coronavirus crisis

©The Financial Times Limited 2020 Jan 8, 2021 / 11:28 AM IST
All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or modified in any way.
Blue sweep of Congress will add pressure to weak dollar, analysts say

US dollar

Eva Szalay in London and Colby Smith in New York Victory for the Democratic party in this week’s Senate run-offs will add to the long-term pressure on the US dollar, which was already expected to continue its slide this year, analysts say. The dollar has kicked off 2021 on a subdued note after notching up losses of 7 per cent last year against a basket of its peers. This week, it touched its weakest levels since April 2018, helping to push...

  • PRO Panorama

    Moneycontrol Pro Panorama | Will India Inc change tracks as margins come under pressure?

    Oct 25, 2021 / 04:56 PM IST

    In today’s edition of Moneycontrol Pro Panorama: An IPL unicorn, ICICI Bank stepping up to the plate, the jarring tone for Yes Bank, Nykaa takes the pole position, the Eastern Window, the stimulus boomerang and more   

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers