The Chinese stock market is officially open. China’s central bank injected 1.2 trillion yuan of liquidity to help the stocks after the big downfall. As a result, the offshore yuan rose slightly over its one-month low of 7.0230 per dollar, trading at 7.0127 yuan per dollar. On the other hand, the Australian dollar fetched $0.6690. …
Asian Stocks Rose Slightly While the Dollar Hit High Read More »
The U.S. dollar is rising again after the short fallout during the last days. The downfall followed the release of the new data about the slowest annual growth during the previous three years. But it seems key U.S. manufacturing survey managed to recover unexpectedly. Meanwhile, the Chinese yuan and Australian dollar remained subdued due to …
U.S. Dollar soared, What caused the sudden turnaround? Read More »
China’s economy is tumbling down due to the coronavirus outbreak. Stocks are falling, while investors are moving on to safe-haven assets. Chinese authorities are trying to reduce the panic on the market. They are concerned that if fear isn’t alleviated, China could end up completely isolated. The airlines are already suspending flights, and other governments …
CSRC issued several ways to help companies during epidemy Read More »
China’s stock market closed during the Lunar New Year period, but it was due to re-open last Friday. However, the re-opening date moved to Monday later. China’s Central Bank stated on Sunday that it would inject 1.2 trillion yuan of liquidity after the market’s opening. It means that the total liquidity in the banking system …
China Planned to Inject 1.2 Trillion Yuan of Liquidity Today Read More »
The U.S. dollar has been oscillating during the last few weeks. Mostly it was rising due to the china virus outbreak and its status as a safe-haven asset. However, this rise changed into a downfall after the last day’s events. Fed’s message was released, which was consistent with tolerance for higher inflation. As inflation causes …
Dollar is spiraling down after the last two weeks of high Read More »
The U.S. dollar rallied during the last few weeks, giving investors the illusion that it was a good safe-haven asset. But it seems, this high was short-lived, and the currency isn’t as firm, as some would like to believe. Daniel Katzive, head of foreign exchange strategy for North America at BNP Paribas, noted that the …
U.S. Dollar Fell on Thursday. Does Safe-haven Rally Slow? Read More »
The Chinese outbreak caused Chinese stocks to collapse. Traders began to move on to safe-haven stocks, such as Japanese and U.S. futures, using risk-off tactics. During the last weeks, the stock market constantly fluctuated, shares rising or falling depending on the virus’s progress. The Chinese yuan and Australian dollar suffered the most, though U.S. futures …
The U.S. dollar is the best performing currency among the G10 currencies this month. Its index rose 1.6% in January, hitting a two-month high. It last stood at 98.033, not far from Wednesday’s two-month high of 98.037. The Japanese yen and the Swiss franc also ranked a close second and third. The yen increased by …
Yen, Dollar and Swiss Franc in demand due to virus anxiety Read More »
The Asian stocks began to collapse after the Chinese virus outbreak caused investors to move on to the risk-off futures. China’s futures suffered the most, as the virus originated from Wuhan, its 11-million city. One the other hand, the Japanese yen, and Swiss franc rallied, as these stocks are perceived as safe-havens. It seems the …
The Asian Futures Rise Again After the Sell-off on Market Read More »
The Chinese virus outbreak caused the investors to move on to the risk-off futures. This is as a significant part of the Asian market began to collapse. China stocks suffered the most, as the virus originated from Wuhan, its 11-million city. Meanwhile, the Japanese yen and Swiss franc skyrocketed, as these stocks are perceived as …
The Risk-off Wave Slows Down as China Virus Fear Subsides Read More »
Financial markets closed for holidays in China, Australia, Singapore, and Hong Kong. China’s futures continue their downfall. Traders noted that low liquidity caused by the Chinese virus outbreak worsens the situation further. The Chinese yuan collapsed after its five-month high, with the U.S. dollar gaining more than 2% against it. The Australian dollar also declined …
The Australian Dollar Hit Its Lowest Record Since December Read More »
The investors rely on the U.S. Dollar and Japanese Yen as the safe-haven assets. The demand for these currencies is growing due to the China virus outbreak. As a result, the dollar, yen, and the Swiss franc increased on Monday, while the offshore yuan declined. The Chinese currency began its downfall after the coronavirus spread …
U.S. Dollar, Japanese Yen and Swiss Franc Continue to Grow Read More »
The European currencies remained mostly stable as the traders were awaiting the results of two central bank meetings. They were also looking out for the release of economic data. Meanwhile, the dollar moved slightly against a basket of six major currencies at 97.881. The pound changed a little at $1.3060 on the dollar, and 84.46 …
Euro, Sterling, and Dollar Remain Stable as Yuan Struggles Read More »
The Chinese yuan dropped again in offshore trade, reaching its lowest level in three weeks. The virus outbreak continues, causing the stock market to fluctuate. Chinese authorities are trying to contain the virus. As they issued, the Lunar New Year’s holidays will continue for three more days. Hong Kong has banned the entry of travelers …
Yuan Struggles While the Chinese Virus Continues to Rage Read More »
The coronavirus outbreak continues in China. The authorities locked down Wuhan with a population of 11 million. The government thinks that the virus originated from the city’s animal market. The virus has already killed 17 people. As the concern escalates, yuan is plunging low. So far, the dollar gained 0.36% against the offshore Chinese yuan …
China’s Virus Outbreak Caused the Yuan to Lose More than 1% Read More »
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