European Central Bank left its interest rates the same on Thursday. ECB rate-setters continue buying bonds, also contemplating to cut interest rates until price growth in the eurozone heads back to their goal. During the last several years, the Central Bank did not manage to keep inflation just under 2%, even though the former President, …
ECB’s Policy Remains Unchanged; Dollar Gains Against Euro Read More »
The Chinese yuan wavered on Thursday due to the Chinese virus. It has already killed 17, and nearly 600 people are infected. China locked down Wuhan, which has a population of 11 million people. Experts think that the outbreak originated from an animal market. The yuan traded at 6.9254 midsession. According to Weston, USD/CNH is …
Dollar Rose Against Yuan; Aussie and Yen Hit High Read More »
The Australian dollar was low for some time now, due to the stall in the domestic economy. But it rose from 0.5% to $0.6879 after a nine-month low. Uphill was caused by the jobs data, which showed a surprise drop in unemployment. After a while, the Aussie settled back to $0.6866. Nevertheless, according to the …
Australian Dollar Hits High Along the Yen; Yuan Drops Down Read More »
The Asian currencies fell due to the China virus outbreak. It has spread from central China, encasing Shanghai and Beijing and killing six people. During the last days, the patients’ number almost tripled. The coronavirus has already reached other countries, including America, causing the U.S. stock downfall. Experts fear that this virus can prove as …
Asian Currencies Fell Against The Dollar. Sterling Rise Read More »
The China virus outbreak sent the Asian stock market into a tumble. The yuan declined about 0.55% on Tuesday, reaching the bottom line in the onshore trade in nearly five months. It was trading at 6.9063 per dollar. The Australian dollar also dropped to $0.6827, its lowest point during the last six-week period. But after …
Yen Rises, While the Australian Dollar and Yuan Struggle Read More »
After the last few weeks of turbulence, investors are waiting for the UK Employment and Wage growth data to better assess the situation on the market. They hope that the document will contain valuable tips. Another lead indicator is also on the horizon. The German ZEW Survey for January will be attainable at almost the …
Investors Look Out for UK Employment and Wage Growth Data Read More »
The pneumonia virus outbreak in China, which has led to several deaths, caused its market to waver. The lunar new year is approaching, which usually means the cash influx. But due to the virus, analysts fear that the flow will reduce significantly, which in its stead will influence the market’s growth rate. Chinese stocks have …
Virus Outbreak in China Causes Risk-Off; UK Remains Stable Read More »
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