The yen sat near a one-week high in forex and a steady U.S. dollar held commodity currencies in check. Worries about the growing number of virus cases tempered optimism around promising vaccine trials. At 104.14 per dollar, the Japanese currency has regained more than half of the losses it suffered last week. That was after …
Yen Recovers as Looming Winter Chills Vaccine Hopes Read More »
The coronavirus pandemic created a lot of problems for various businesses. Moreover, the pandemic is not over yet and it is hard to determine how long it would take to improve the situation. As a result, when it comes to forex trading people should pay more attention to the pandemic and its impact on trading. …
Coronavirus Pandemic and its Impact on Forex Trading Read More »
The dollar was down on Monday morning in Asia’s forex exchange. The ever-increasing number of coronavirus cases are counterbalancing hopes for a vaccine that works. Once available, it can kickstart the economic recovery from the virus. On Sunday in Asia, fifteen countries signed the Regional Comprehensive Economic Partnership (RCEP) trade deal. The agreement stimulates investors’ …
Dollar Down as COVID-19 Cases Continue to Rise Globally Read More »
Pakistan is the world’s fifth-most populous country in the world and this fact underlines the importance of this country. Furthermore, it is worth mentioning that the country’s foreign exchange reserves rose $553 million or 2.85% in the week of November 6, on the back of official inflows according to the State Bank of Pakistan (SBP). …
Japan is an export-oriented country and the country has the third-largest economy in the world. This fact, once more underlines the importance of Japan and its economy. It is not surprising that the government, as well as the officials from the Bank of Japan, are keeping a close eye on foreign exchange rates following Joe …
The dollar was down in the forex exchange on Wednesday. Sanguine hopes for a potential coronavirus vaccine was offset by worries about how the drug will be delivered. A surge of new infections is happening in the United States. The early optimism about vaccine testing helped the dollar up against the yen and the Swiss …
The dollar fell on Tuesday morning in Asia’s forex exchange. News on Monday reported that a COVID-19 vaccine could become available relatively soon. This has raised optimism over global economic recovery. By 10:23 PM ET or 2:23 AM GMT, the US Dollar Index declined 0.22% to 92.632. This Index tracks the greenback against a basket …
Dollar Falls Over Growing Hopes on COVID-19 Vaccine Read More »
The dollar fell on Monday morning in Asia’s forex exchange, beginning its week with losses. Democrat candidate and former Vice President Joe Biden was declared the winner of the U.S. presidential elections. By 10:20 PM ET (2:20 AM GMT), the U.S. Dollar Index lost 0.14% to 92.168. It was barely above a ten-week low. Investors …
Dollar Falls, as U.S. Election Results Deliver Biden Victory Read More »
The dollar steadied against many currencies in the forex exchange on Friday. Traders expect more losses in the coming days. A contentious US presidential election is curtailing hopes for a large stimulus to support the economy any time soon. Investors are betting that Democrat Joe Biden will take the presidential seat. However, Republicans will retain …
Dollar Steadies, but Expects More Losses on Post-election Read More »
The dollar slid to its weakest level in more than two years against the yuan. It slipped a ground lower against other Asian currencies as Democrat candidate Joe Biden edges closer to the White House. Financial markets are braced for days or even weeks of uncertainty over the U.S. election results. Republican candidate Donald Trump …
Dollar Slips as Biden Inches Closer to White House Read More »
The U.S. dollar clawed back early losses against risk-sensitive currencies in forex exchange on Wednesday. Initial results hinted President Donald Trump was slight edging over Democratic challenger Joe Biden in Florida, a key battleground state. That weakened this week’s rising expectations in markets that Biden will likely win the presidency. If Biden wins, he will …
Dollar Claws Back Losses as Trump Slightly Edges over Biden Read More »
The U.S. dollar floated near a one-month high on Tuesday in forex exchange. Investors chose to be cautious in the hours ahead of polls opening on election day in the United States. Traders lately have flocked to the safety of dollars, positioning well to take advantage of volatility when results arrive. The dollar held at …
Dollar Investors Keep Calm Ahead of Election Hour Read More »
The dollar was up on Monday morning in Asia’s forex exchange. The Nov. 3 U.S. presidential elections and growing number of coronavirus cases globally continue to weigh on investor sentiment. By 11:17 PM ET (3:17 AM GMT), the U.S. Dollar Index inched up 0.05% to 94.093. The currency held onto gains from the previous week. …
The dollar was down on Friday morning in Asia’s forex exchange. The euro hovered close to a four-week low against the dollar. This was over hints from the European Central Bank (ECB) that it could roll out further monetary easing by the end of the year. By 10:39 PM ET (2:39 AM GMT), the U.S. …
Dollar Drops, U.S. Election and Pandemic Concerns Cap Gains Read More »
The Hong Kong dollar strayed away from the strong end of its trading band. It’s the first time the currency moved downtrend since Ant Group Co.’s initial public offering was mooted two months ago. The HK dollar fell as much as 0.05%, the most since June 16, to 7.7536 against the greenback. Ant has halted …
HK Dollar Declines Most Since June After Ant Closes Books Read More »
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