Mobile App
iBexGo AppiBex RatingDownload our app now! Available for iOS and Android

Start An Investment With Forex

Get Live Account
London: +442038076439
Sydney: +61272504904
Social Media

After Fed Speech: Dollar Remains Near Lows, Recovering Markets

The Dollar remains near lows as Fed shrugs off rising commodity prices, but investors remain optimistic.

USD/JPY movement in the market from Feb 2021 to April 2021

The Dollar is bound to continue rising back up despite the fall. Investors are still positive due to the improving Economic Conditions of the US which is expected to have grown at a 6.1% annualized rate in the first three months of year.

This would be the second-fastest GDP growth pace since the third quarter of 2003 and that’s even before the impact of the $1.8 trillion package for the families and education that President Joe Biden unveiled Wednesday in his first joint speech to Congress.

Markets are now starting to recover at a much comforting rate, and this could signal the start of the greenback returning to its stability.

Gold and other Metal Update

Gold rises, holding on to small gains getting a lift after dovish remarks by Federal Reserve Chairman, Jerome Powell put some pressure on Treasury yields and the US Dollar.

Gold metal reading from February 2021 to April 2021 after Fed Speech

The precious metal is bound to continue rising, before the Dollar gets back up to stable prices. The pressure on Treasury yields and the U.S. dollar, is providing further support to the safe-haven yellow metal.

Investors are taking advantage of the situation, while we watch markets recover.

In other precious metals, palladium was up 0.3%, siver gained 0.6%, and platinum rose 0.3%.

Attention will now shift to yields and US dollar prices to provide direction for gold, and now is the best time to take advantage while it is directly affected more than usual.

Recent Articles


Let us know what you think!

Send any queries or feedback
You can also send us an email at

Get a call from us!

How Can We Help?

Need Assistance?

Download here

Know Your Market Holiday.

Click here for more information.