The U.S. dollar declined on Tuesday. It fell to a three-month low of 1.3503 against the Canadian dollar, last trading down by 0.4%. The greenback also dropped down against the Australian dollar, which soared to $0.6852, its highest point since January 24. The dollar index tumbled down against a basket of six major currencies at …
U.S. dollar fell as the optimism is rising on FX markets Read More »
The euro rallied on Monday. It gained 0.4% to $1.1154, before falling back to trade flat at $1.1109. Some strategists recommend buying the euro, with a target of $1.155, as they expect more easing from the European Central Bank at the meeting on Thursday. The Sterling also soared by 0.6%, jumping to a three-week high …
European currencies gained while the U.S. dollar lowered Read More »
The euro briefly reached its highest point since mid-March, on Monday. Riskier currencies, such as the Australian dollar, skyrocketed as investors looked for more signs that the global economy may be through the worst part of the crisis caused by the pandemic. Furthermore, U.S. President Donald Trump hasn’t tried to impose new tariffs on China …
Riskier currencies rallied as the risk sentiment improved Read More »
The Japanese yen jumped against major currencies on Friday. Investors awaited U.S. President Donald Trump’s response to China’s passing of a national security law for Hong Kong. Uncertainty on FX markets caused a boost for safe-haven currencies. However, the U.S. dollar lowered by 0.4% against the Japanese currency, at 107.17 yen. Even though the situation …
Japanese yen soared on Friday. What about other currencies? Read More »
The Euro continued gaining on Friday, hitting a two-month high. It jumped up by 0.2% to $1.111, reaching its highest point since March 30. The common currency got a boost following the European Commission’s stimulus plan issued earlier this week. After the 750 billion-euro coronavirus recovery fund fuelled optimism about the eurozone economy, the Euro …
The Euro hit new high while the British pound declined Read More »
The Euro skyrocketed on Thursday. European Union put aside 750 billion euro to help the economies affected by the virus. The plan was approved recently, and such stimulus boosted the currency. The Euro hit an eight-week high of $1.1035, but it soon lowered to $1.1006 due to doubts about delivering the scheme. The U.S. dollar …
Euro surged forward on Thursday. What about the U.S. dollar? Read More »
Asian currencies fluctuated on Thursday due to the rising Sino-U.S. tensions and optimism over recovering global growth. On the other hand, the U.S. dollar remained steady. As the U.S. and China continue to exchange scathing comments, the Chinese Yuan remains under heavy pressure. It negatively influences the Antipodean currencies as well. On Wednesday, the Yuan …
Asian currencies remain Low. What about the U.S. dollar? Read More »
The Chinese Yuan collapsed to its lowest point in almost nine months as tensions escalated in Hong Kong. In onshore trading, the Chinese currency declined to 7.1595 per dollar. A seasonal rise in Chinese corporate demand for the greenback also influenced the Yuan, further exacerbating its fall. Chinese companies listed in Hong Kong bought the …
Chinese Yuan fell on Wednesday. Market is in a risk-off mood Read More »
The U.S. dollar climbed up on Wednesday after declining recently. Renewed protests in Hong Kong, along with worries about the U.S. response to China’s proposed security law, boosted safe-haven demand for the greenback. The dollar jumped to $1.2320 against the pound, rising from its lowest level in two weeks. It also traded at $1.0958 per …
U.S. dollar soared while Chinese Yuan declined on Wednesday Read More »
The Forex market rallied on Tuesday due to rising optimism about a global recovery from the coronavirus pandemic. As a result, the U.S. dollar fell, but riskier currencies surged forward. The Australian and New Zealand dollars rose by 0.3%. On Tuesday, the Aussie was steady at $0.6559 along with the kiwi at $0.6112. However, they …
Several Asian currencies rallied due to riskier sentiment Read More »
The dollar lowered on Tuesday despite concerns about Sino-U.S. tensions. Growing optimism about a global recovery from the coronavirus pandemic supported riskier currencies, causing the greenback’s fall. The U.S. currency was slightly softer against most Asian currencies. It changed insignificantly against a basket of currencies, trading at 99.692. On the other hand, the British pound …
U.S. dollar declined. What about other currencies? Read More »
The dollar climbed up against most Asian currencies on Monday. The demand for safe-haven currencies continues due to an argument between the U.S. and China over civil liberties in Hong Kong. The greenback traded at $1.0895 against the Euro in Asia, close to its strongest point in a week. It was also close to a …
Sterling is under pressure. Safe-havens remain in demand Read More »
The safe-haven yen rallied on Friday, reaching 107.46 against the U.S. dollar. The Japanese currency also surged forward by 0.6% versus the Aussie and jumped up by 0.4% against the kiwi. The Bank of Japan released the details about a lending scheme for small-cap companies damaged from the coronavirus pandemic after an emergency meeting. So …
Safe-haven demand increased on Friday. U.S. dollar soared Read More »
The U.S. dollar gained against a basket of currencies on Friday. As the diplomatic tensions are rising between the United States and China, the demand for safe-haven currencies increased. China’s treatment of the former British colony of Hong Kong became another reason for the stressed relationship between the countries. U.S. President Donald Trump also blamed …
U.S. dollar hit high as the tensions with China escalated Read More »
The euro skyrocketed to its highest point in three weeks. It traded at $1.0975 in Asia on Thursday. Emerging market currencies jumped as well, while the Swiss franc and Chinese Yuan both hit their highest points in weeks. However, the British pound stays under pressure due to inflation data. Traders argued about the Bank of …
Euro hit high on Thursday while the U.S. dollar declined Read More »
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