Stocks edge higher after Wall Street pullback overnight - 20.4.2021

The Dollar weakening is intact currently . The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, lost 0.5% Monday.

Both EUR/USD and GBP/USD accelerated their climbing Monday despite the European Central Bank report the current account surplus in single currency area declined more than expected in February. Both pairs are higher currently. AUD/USD’s resumed climbing Monday while USD/JPY reversed its rising with Australian dollar higher against the greenback currently while yen is lower.

Futures on three main US stock indexes are up currently while US 10-year Treasury yields hover around 1.609% after US stocks pulled back Monday led by technology shares. Earnings season continues in the US with streaming giant Netflix due to report after the bell. The three US main stock benchmarks recorded losses ranging from 0.4% to 1.0% Monday.

European stock indexes are mixed currently after closing mixed Monday with auto shares leading losses. Asian indexes are mostly rising today with Nikkei defying the general trend on concerns the possible reintroduction of COVID-19 emergency measures in the country’s biggest cities would slow the economic recovery.