The dollar traded into a narrow range on Friday. Safe-haven flows supported it as a resurgence of Covid-19 in the United States discouraged some traders from taking on excessive risk. The US currency traded at $1.2395 against the euro on Friday in Asia. It also held steady at 0.9469 Swiss franc after three straight days …
The US dollar changed little on Friday. What about the Yuan? Read More »
The Covid-19 pandemic has altered the forecasts made by various analysts, banks, and precious metal companies during the last months of 2019. MKS is a Swiss precious metals refinery PAMP parent company. It has just published a report with the revision of the forecasts made in January 2020. Frederic Panizzutti, its author and a managing …
MKS raises its forecasts for gold and silver prices Read More »
The sterling surged above $1.25 on Thursday for the first time in a week. It last sat at $1.2483, rallying by almost 2% from a one-month low hit on Monday. Meanwhile, the Euro traded at $1.1257 on Thursday, maintaining its gain of 0.3% since the start of the week. The New Zealand dollar gained a …
The Euro was steady on Thursday while the sterling gained Read More »
The U.S. dollar struggled against more sensitive currencies on Thursday due to positive U.S. and European economic data. However, worries about the pandemic halted more aggressive risk-taking ahead of upcoming U.S. jobs figures. The greenback lowered marginally against a basket of currencies, tracking toward its worst week in a month, with a 0.4% fall. But …
The U.S. dollar lowered. What about the Euro and Sterling? Read More »
Silver is experiencing a rather complicated first half of 2020. It is a precious metal, functioning as a haven. However, its status as an industrial raw material has caused its price to suffer due to the coronavirus slowdowns. Still, the economic recovery will positively impact its price from next year onward. According to a Bank …
The riskier currencies declined on Wednesday. The Australian and New Zealand dollars plummeted down in overnight trading. However, they rebounded soon, last trading versus the greenback at 0.6908 and at 0.6458, respectively. The Norwegian crown soared by nearly 0.3% against the Euro to a one-week high of 10.7785. Meanwhile, the Swedish crown traded flat after …
Aussie and Kiwi lowered. What about U.S. dollar and Euro? Read More »
India has absorbed 18% more rain in June than the average in other years. The monsoon covered the entire country almost two weeks earlier than usual, according to sources from the Indian Meteorological Department. Monsoons generate around 70% of India’s annual rainfall. They are the country’s lifeblood, stimulating agricultural production and driving rural spending on …
The Japanese yen gained for the first time in more than a week on Wednesday. Traders were cautious, waiting for key European and U.S. economic data. The yen increased by almost 0.3% to 107.635 versus the dollar. The dollar also jumped overnight before losing gains. Investors expect U.S. manufacturing data for June to show rebound …
Japanese Yen surged forward. What about the Norwegian crown? Read More »
The Chinese yuan and the Australian dollar increased slightly after new data showed that China’s factory activity grew at a stronger pace in June. Specifically, the yuan climbed up by 0.1% to 7.072 per dollar in offshore trading on Tuesday. However, the Aussie soon pulled back and ended the session lower by 0.2% to $0.6854. …
Chinese yuan rose while Japanese yen and Swiss franc fell Read More »
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