Fri, January 27, 2023

Selena Lopes

Selena knew that for her, the only way to find stability was to understand how to manage money and how to invest it smartly. She works as a financial consultant and writes articles about brokerage since she got into the game and figured there is much potential in the field.

Chinese Yuan fell on Tuesday. What about Aussie and Kiwi?

Chinese Yuan fell on Tuesday. What about Aussie and Kiwi?

The Chinese yuan declined along with the Australian dollar and other risk-sensitive currencies on Tuesday. Peter Navarro, White House trade adviser, declared that the trade deal with China is over, causing currencies to fall. The Chinese yuan tumbled down by 0.35% to 7.0815 per dollar in offshore trading. Meanwhile, the Australian dollar dropped by 0.5% …

Chinese Yuan fell on Tuesday. What about Aussie and Kiwi? Read More »

Australian and New Zealand dollars struggled on Monday

Australian and New Zealand dollars struggled on Monday

The risk-off currencies fell against the safe-havens on Monday. The Australian dollar declined against the U.S. currency and the Japanese yen during the morning trade. However, it climbed up about 0.2% higher against both later. The Aussie last traded at $0.6844 and 73.18 yen. Meanwhile, the New Zealand dollar stayed strong slightly stronger, trading at …

Australian and New Zealand dollars struggled on Monday Read More »

Dollar Set for Weekly Loss on Stimulus Hopes

U.S. dollar skyrocketed while riskier currencies declined

The U.S. dollar reached a three-week high while commodity currencies were hindered on Monday. Traders turned to safe-havens due to renewed concerns about the second wave of coronavirus infections. As a result, the moves were modest on the FX markets. The World Health Organization reported a record increase in global cases on Sunday. Apple Inc …

U.S. dollar skyrocketed while riskier currencies declined Read More »

Euro lowered against Dollar. How did other currencies fare?

Euro lowered against Dollar. How did other currencies fare?

The Euro traded flat at $1.1207 on Friday. It declined by approximately 1% versus the Dollar since Tuesday. Investors were waiting for a European Union summit. They expected bloc leaders to attempt to navigate regional divisions over a 750 billion euro coronavirus recovery fund. Meanwhile, the British pound was also flat at $1.2433. According to …

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Sterling declined on Thursday. What about Euro and Dollar?

Sterling declined on Thursday. What about Euro and Dollar?

The sterling lowered to $1.2557 on Thursday. Traders are waiting for a Bank of England meeting, which is scheduled this week. They expect policymakers to expand quantitative easing due to a struggling economy and rocky trade negotiations with the European Union. The British pound was little changed at 89.65 pence against the euro. The Bank …

Sterling declined on Thursday. What about Euro and Dollar? Read More »

Safe-haven currencies in demand. What about Euro and Yuan?

Safe-haven currencies in demand. What about Euro and Yuan?

The U.S. dollar and the Japanese yen climbed up on Thursday as investors’ demand on safe-havens increased due to the new coronavirus outbreaks. The greenback traded at $1.1256 per euro after gaining 0.2% in the previous session. It also bought 0.9493 Swiss francs, holding onto a 0.3% gain on Wednesday. Meanwhile, the yen edged up …

Safe-haven currencies in demand. What about Euro and Yuan? Read More »

The Euro Falls As Investors Remain Wary About Ukraine

The Euro was steady on Wednesday. What about the Sterling?

The British pound was steady on Wednesday, trading at around $1.2576, below a three-month high of $1.28 hit earlier in June. Brexit’s developments hobble the Sterling.  Meanwhile, the Euro stopped rising due to the U.S. Federal Reserve’s cautious message. The currency traded below the three-month high of $1.1422 reached last week. It stood at $1.1286 …

The Euro was steady on Wednesday. What about the Sterling? Read More »

forex currencies and U.S. dollar

U.S. dollar lowered on Wednesday due to new virus outbreaks

The dollar changed insignificantly on Wednesday after U.S. retail sales increased by more than expected in May. However, caution kept traders from aggressively buying riskier currencies like the Australian or the New Zealand dollars. On Tuesday, U.S. Federal Reserve Chairman Jerome Powell painted a rather bleak picture of the U.S. economy. He managed to simultaneously …

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Norwegian crown collapsed along with commodity currencies

Norwegian crown collapsed along with commodity currencies

The Norwegian crown plunged to a 4-week low against the euro as oil prices dropped. The Swiss National Bank, the Bank of England, and Norges Bank will hold meetings on Thursday. However, analysts expect them to keep their main policy rates unchanged. Meanwhile, the euro fell by 0.2% against the dollar at $1.1232. European countries …

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U.S. dollar rallied while commodity currencies lowered

U.S. dollar rallied while commodity currencies lowered

The U.S. dollar gained on Monday, while commodity currencies collapsed as a risk-off sentiment dominated Forex markets. It was partly caused by fears of a second wave of coronavirus infections after new cases were recorded in Beijing. U.S. numbers also rose over the weekend. On Monday, Beijing announced its second consecutive day of record numbers …

U.S. dollar rallied while commodity currencies lowered Read More »

Sterling remained strong despite the British economy's problems

Sterling remained strong despite British economy’s problems

The British pound was steady on Friday. The country was in a tight pandemic lockdown for a month. As official data showed on Friday that caused a sharp decline. However, Sterling managed to stay strong thus far. According to reports, Britain’s economy shrank by a record 20.4% from March to April. Investors hope that this …

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U.S. dollar recovered after the Fed's dire predictions

U.S. dollar recovered after the Fed’s dire predictions

The U.S. dollar climbed up on Thursday from a three-month low, which it hit in Wednesday’s session. The greenback declined after the optimistic mood on the markets bolstered the risk-off currencies. However, after a U.S. central bank policy meeting expectations that the global economy will recover in a short time from the pandemic took a …

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Australian and New Zealand dollars fell. What about Euro

Australian and New Zealand dollars fell. What about Euro?

The Australian and New Zealand dollars declined from recent peaks in early trade on Tuesday. Before that, the Aussie reached a 10-month peak of $0.7040, and the kiwi jumped to a four-and-a-half month high of $0.6576. New Zealand ended all social restrictions after declaring the nation free of infections on Monday, which caused the currency’s …

Australian and New Zealand dollars fell. What about Euro? Read More »