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 …
Sterling remained strong despite British economy’s problems Read More »
The Euro climbed up slightly against the U.S. dollar on Friday, near to the three-month high it hit earlier in the week. Traders stopped from cashing in the latest profits, giving the Euro an opportunity to gain. The currency grew by 0.1% to $1.1315. It hasn’t veered far from $1.1422, the high point it reached …
The Euro gained on Friday. What about the other currencies? Read More »
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 …
U.S. dollar recovered after the Fed’s dire predictions Read More »
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 »
The U.S. dollar declined on Tuesday due to investors’ trepidation over the U.S. Federal Reserve’s next move. A statement from the Fed is due on Wednesday, and it will be followed by a news conference half an hour later. Investors don’t expect the agency to change interest rate settings. After last week’s job figures, futures …
U.S. dollar fell on Tuesday. What about riskier currencies? Read More »
The Australian dollar tumbled down by almost 2% on Tuesday after China’s education ministry cautioned students to carefully consider studying there due to the tension between the trading partners. On the other hand, the U.S. dollar recovered slightly, gaining against commodity currencies for the first time in June. Traders decided to halt the risk-off exchanges …
The Aussie and Kiwi declined. What about the Japanese Yen? Read More »
The Euro surged forward to $1.1314 on Monday. The European Central Bank announced last week that it would increase bond purchases to help the eurozone’s weakest economies. This news bolstered the Euro. The British pound also soared by 0.25% to $1.2704 in Asia on Monday, near its highest point since March 12. Furthermore, the Australian …
Euro and Sterling skyrocketed. What about Asian currencies? Read More »
The U.S. dollar plummeted down against the British pound and the Antipodean currencies. Its downfall was caused by the surprising improvement in U.S. labor market data, which bolstered expectations for economic recovery and reduced safe-harbor demand for the greenback. On the other hand, the Australian and New Zealand dollars rallied on Monday. Both of them …
Australian and New Zealand dollars surge against U.S. dollar Read More »
Riskier currencies rallied along with the Euro at the end of the last week, after a small drawback during the previous days. The Australian dollar jumped to $0.6947, striking a five-month high of $0.6987 on Thursday. The Hong Kong dollar also increased to 7.7500 per U.S. dollar. The greenback traded at 109.11 against the yen, …
Riskier currencies surged forward while U.S. dollar fell Read More »
The Euro rallied on Thursday, trading at $1.1338, its highest level in almost three months. The currency jumped up by 2.1% during the week. It held on to significant gains on Friday as well. Furthermore, the Euro traded at 123.620 against the yen, rising to a 13-month high overnight. And it hit a five-month high …
Euro hit high as the ECB increased stimulus on Thursday Read More »
The U.S. dollar began rising on Thursday, climbing up by almost 0.3% against a basket of currencies. The greenback fell in the last week due to markets’ growing optimism about global economic recovery. Furthermore, the volatile demonstrations in United States cities concerned investors. Despite that, the U.S. currency rebounded in overnight trading. Riskier currencies, on …
U.S. dollar rebounded on Thursday while the Euro fell Read More »
The Euro lowered on Thursday ahead of a European Central Bank meeting. Investors expect the ECB to increase the size of its 750 billion euro ($840 billion) Pandemic Emergency Purchase Programme to boost the recovery of Europe’s weakest economies. However, some traders think this will happen not today, but at July’s meeting. Adam Cole, the …
Euro fell before the ECB meeting. What about the dollar? Read More »
The U.S. dollar tumbled down against European and Asian currencies on Wednesday. While traders observed mass protests against racism spreading across the United States, the British pound, the yen, and the Swiss franc jumped against the dollar. The U.S. currency plummeted down to 108.47 against the Japanese Yen. And it came to 0.9613 Swiss francs, …
U.S. dollar declined against the other major currencies Read More »
The U.S. dollar declined against several Asian currencies on Wednesday. Investors turned to riskier currencies as prospects of more government stimulus, and a global economic recovery boosted their hopes. The Australian dollar skyrocketed to a five-month high against the dollar, surging forward by more than 1% to $0.6982, its highest point since January 3. Yukio …
Asian currencies rallied along with Euro and Sterling Read More »
Safe-havens fell on Tuesday, while riskier currencies rallied. The Japanese yen lowered by 0.1% versus the dollar to 109.71. The strengthening of the commodity-linked currencies and the weakening of the safe-havens suggests that investors’ appetites were supported for another day – noted Charalambos Pissouros, the senior market analyst at broker JFD Group. Investors expect that …
The Canadian and Australian dollars rallied on Tuesday Read More »
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