The U.S. dollar plummeted on Thursday, while riskier currencies held gains. Traders shrugged off negative forecasts and rising Sino-U.S. tensions, hopeful about a fast recovery from the COVID-19 pandemic. The risk-sensitive Australian dollar managed to break free from two months of rangebound moves in bullish overnight trading. The Aussie hit a ten-week high of $0.6616. …
U.S. dollar declined while riskier currencies hit high Read More »
The U.S. dollar still traded low, near to 99.225 points on Wednesday. The Euro’s gains caused the greenback’s drawback. Traders waited for the outcome of the Fed’s policy minutes from the last meeting, avoiding any sudden moves. Broader currency market volatility tumbled down to its lowest level in more than two months as well. Meanwhile, …
U.S. dollar remains low. Risk aversion on FX markets Read More »
The Euro climbed up by 0.18% to $1.0945 on Wednesday, near the two-week high of $1.09755 reached on Tuesday. If the currency surpasses that point, it could open the way for a test of a new high of $1.1019, which it reached on May 1. However, the moves were insignificant and within recent ranges because …
The Euro gained on Wednesday. Why did currency rally? Read More »
Some Asian currencies rallied on Tuesday as risk-sentiment improved. The Australian dollar climbed up to $0.6530, close to a one-week high, and the New Zealand dollar rose by 0.25%, to $0.6054. The Reserve Bank of New Zealand’s Deputy Governor, Geoff Bascand’s, announcement boosted the kiwi briefly. According to him, the central bank would re-evaluate its …
Asian currencies hit high. What about the U.S. dollar? Read More »
The dollar rebounded against major currencies on Tuesday as promising results from the trial for a vaccine for coronavirus improved sentiments in the market. Riskier assets, as well as currencies linked to commodities, rallied as well. This occurred most likely because of the oil price surge forward over the last few days. Junichi Ishikawa, the …
U.S. dollar rallied due to the promising news about vaccine Read More »
The British pound hit an almost two-month low on Monday due to speculation about negative interest rates. After a week of deadlocks with the EU over a post-Brexit trade deal, the sterling traded by 0.1% to $1.2091 at last. On Saturday, the Bank of England’s chief economist considered negative interest rates, causing the currency’s further …
The pound collapsed on Monday. What caused its decline? Read More »
The U.S. dollar was stable on Monday. This is despite concerns about global tensions with China overshadowing improving sentiment from easing restrictions. The currency firmed slightly against the Japanese yen, at 107.25 yen per Dollar, as Japan fell into recession. Against the majority of other Asian currencies, the greenback remained steady at 100.380 after hefty …
The Dollar remains steady as U.S.-China tensions escalate Read More »
The euro collapsed on Friday. It traded at $1.0840 by the end of the session. The currency reached an almost five-year low versus the Swiss franc, at 1.502 francs, due to the crisis. The British pound was also under pressure, trading at $1.2221. It plummeted down to a five-week low of $1.2161 overnight. The currency’s …
European currencies declined on Friday. What about others? Read More »
The U.S. dollar dropped from a three-week high on Friday. However, it still ended the week with a modest gain, since rising tensions between the U.S. and China and reports about the second wave of coronavirus infections worried investors. The greenback gained 0.5% against a basket of currencies during this week. It seems the U.S. …
The U.S. dollar declined. What about Japanese Yen and Euro? Read More »
The pound collapsed below $1.22 for the first time in more than five weeks on Thursday. According to Wednesday’s data, Britain’s economy fell by a record of 5.8% in March due to coronavirus. Negative tidings caused the sterling’s decline. The eurozone’s reports on first-quarter GDP data is due on Friday. Traders are awaiting it for …
The British Pound fell on Thursday. What about the Aussie? Read More »
The U.S. dollar is surging towards a three-week high. This is occurring as stock markets weakened after Fed Chairman Jerome Powell spoke against negative interest rates. The currency climbed up by 0.2% to 100.37 against a basket of its rivals. It stood below a three-week high of 100.44 at last. European stock markets fell …
U.S. dollar hit high after Powell’s speech on Thursday Read More »
The risk-sensitive currencies, the Australian and New Zealand dollars among them, weakened on Wednesday, as the possibility of new coronavirus outbreaks dampened investors’ optimism. The Aussie stood at $0.6476 at last notice, after hitting Monday’s one-week high of $0.6562. Meanwhile, the New Zealand dollar dropped down by 0.6% to $0.6036. On the other hand, the …
Risk-sensitive currencies fell. What about the U.S. dollar? Read More »
The dollar was subdued against other currencies on Wednesday as traders awaited Federal Reserve Chairman Jerome Powell’s speech. They speculated that the United States could one day adopt negative interest rates. The U.S. currency traded at 107.21 yen in Asian trade. So far, it changed insignificantly after slipping from Tuesday’s peak of 107.76, its highest …
U.S. dollar weakens while traders await Powell’s speech Read More »
The euro fell slightly on Monday. It lowered by 0.1% versus the dollar at $1.0832 after falling in early London trading. As the countries are lifting lockdowns worldwide, traders moved from the safe-haven currencies. Therefore, the Swiss franc declined by around 0.1% at 1.05295 versus the euro. The New Zealand dollar also dropped by 0.2%. …
Euro sank on Monday. How about the safe-haven Swiss franc? Read More »
The Japanese yen weakened on Monday. The risk appetite was boosted by more countries making moves to reopen their economies, causing yen’s fall, even though the coronavirus continues to spread. The safe-haven Japanese currency hit a 10-day low against the U.S. dollar, dropping more than 0.5%. Against a basket of currencies, the dollar climbed up …
Japanese Yen eased back while riskier currencies rallied Read More »
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