The US dollar rebounded from a two-week low position,The euro hit its biggest weekly gain in nearly two years

07 Feb, 2022

The dollar index rose from a two-week low, rising 0.16% on the same day and closing near 95.48.

The dollar index rose from a two-week low, rising 0.16% on the same day and closing near 95.48. Earlier, it fell to a two-week low of 95.13 because the euro resumed its rise, but the dollar still fell 1.77% last week, the largest weekly percentage decline since November 2020.

Spot gold rose slightly in volatile trading and closed near $1808 in late trading. After the release of non-farm data, it once fell to $1792.30/oz. Growing concerns about inflation helped cushion the pressure brought by the strengthening of the US dollar and the rise of US bond yields, after the US released unexpectedly optimistic employment data; Last week, it rose $16.7, or 0.93%. COMEX April gold futures closed up 0.2% to $1807.80 / ounce.

The euro still strengthened on the same day, rising 0.08% to close at 1.1449. Last week, the euro rose 2.67%, it is the best weekly performance since the end of March 2020, thanks to the hawkish change of the European Central Bank on Thursday.

x

WARNING and please be advised:

It has come to our attention that a number of unauthorised firms /individuals have cloned our website content, logo and social media pages of CWG Markets Limited. Please be advised that these unauthorised firms have also been contacting consumers via various messaging apps such as WhatsApp, Facebook, Wechat.It should be noted that there is no connection whatsoever between the CWG Markets Limited, an authorised firm, and the unauthorised entities/ individuals that have cloned our details. If you’ve been scammed or contacted by an unauthorised firm / individuals – or a firm you suspect is not legitimate – you can report to us [email protected]

CFDs (Contract For Difference) are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks and take appropriate care to manage your own risk. Please read our Risk Disclosure carefully.

cwg
It looks like you are based in United Kingdom Click Proceed to be taken to CWG Markets UK LTD Click Stay to continue browsing this website
Proceed Stay
Service Access Restriction Notification

Dear customer,

Thank you for visiting our website. Unfortunately, after an automatic system check, we have found that your current access location is within a restricted area for our services. Due to various laws, regulations, and contractual limitations, we are unable to provide services in certain regions.

We sincerely apologize for any inconvenience this may cause and hope you understand that this measure is necessary to comply with relevant laws, regulations, and policies. Please be aware that this restriction is specific to certain areas and is not directed at individual users.

If you believe this is a mistake, or if you have any questions, please do not hesitate to contact our customer support team. We are always ready to assist and provide further clarification.

Thank you for your understanding and cooperation.

Best wishes,

CWG Markets LTD

Close