Fri, March 29, 2024

Forex

Chinese Yuan

Chinese Yuan rallied due to the hopes of economic recovery 

The Chinese yuan held on to its big gains on Wednesday. The currency traded at 6.7835 per dollar after soaring as high as 6.7663 on Tuesday. Better-than-expected economic data boosted traders’ optimism, further assuring them that the country is leading the global recovery from the pandemic.    On the other hand, the Australian dollar declined by …

Chinese Yuan rallied due to the hopes of economic recovery  Read More »

U.S. dollar, Yuan, yen, euro

U.S. dollar firmed Thursday. What about the Yen and Yuan?

 The dollar strengthened against major currencies on Thursday after the U.S. Federal Reserve’s upbeat assessment of the economic recovery. The Fed’s increased tolerance for higher inflation boosted Treasury yields. The agency pledged at its policy meeting to keep rates near zero until at least the end of 2023. It hopes that for that time, the …

U.S. dollar firmed Thursday. What about the Yen and Yuan? Read More »

u.s. dollar and euro

U.S. dollar and Japanese Yen gained. What about the Yuan?

The U.S. dollar and the Japanese yen found support on Wednesday as traders shifted positions ahead of a U.S. Federal Reserve policy decision. The Chinese yuan also held gains thanks to the positive outlook for the world’s second-largest economy. The Fed concludes its first meeting later in the day since adopting a more accommodative approach …

U.S. dollar and Japanese Yen gained. What about the Yuan? Read More »

Risker currencies surged forward on Tuesday. Why's that?

Riskier currencies surged forward on Tuesday. Why’s that?

The forex market fluctuated on Tuesday. Riskier currencies rallied as the hopes for a COVID-19 vaccine bolstered sentiment. British drugmaker AstraZeneca restarted its vaccine trial in Britain last week. But it is still on hold in the United States thus far.   The euro climbed up by 0.2% versus the dollar at $1.1891. However, the …

Riskier currencies surged forward on Tuesday. Why’s that? Read More »

Euro

Euro traded in the green on Monday. How did Sterling fare?

The Euro traded in the green for the last three consecutive days. On Monday, it stood at $1.18455. The ECB showed no apparent sign of stemming the Euro’s appreciation. As a result, the currency gained more footing on the market over the last days.    Meanwhile, the dollar’s index against a basket of currencies changed …

Euro traded in the green on Monday. How did Sterling fare? Read More »

Chinese Yuan against United states dollar

Chinese Yuan rose against Dollar. What caused its rally?

The Chinese yuan hit its highest point in 16 months against the U.S. dollar on Tuesday. New Chinese data pointed at economic recovery after the pandemic shutdowns. However, the dollar declined as risk appetite improved.   The Chinese yuan rallied in both offshore and onshore trading. The offshore yuan surged forward to 6.7725 versus the …

Chinese Yuan rose against Dollar. What caused its rally? Read More »

The Euro Dragged Down By Additional Sanctions on Russia

Euro fluctuated on Friday while the Sterling remained low

The euro whipsawed during Friday’s session. It soared by 1% to $1.1917 after ECB President Christine Lagarde stated that the bank does not target the exchange rate. However, the currency plummeted down to around $1.1830 soon as a U.S. equities’ fall boosted the greenback. The British Pound traded at $1.2812 after dropping to a six-week low …

Euro fluctuated on Friday while the Sterling remained low Read More »

The Euro at Multi-Year Lows against Franc, And Pound

The U.S. dollar was steady Thursday while the Euro gained 

The dollar index remained steady at 93.172 against a basket of six major currencies on Thursday. The U.S. currency traded against the Swiss franc at 0.9116. It changed insignificantly to 106.11 versus the Japanese yen as well. Meanwhile, the Australian dollar plummeted down to $0.7268. Investors were concerned about Australia’s worsening diplomatic ties with China over …

The U.S. dollar was steady Thursday while the Euro gained  Read More »

Euro

Euro edged up higher as traders await the ECB’s decision

The Euro climbed up slightly on Thursday as traders were waiting for a European Central Bank meeting. They tried to ascertain policymakers’ views on the Euro’s recent appreciation and its impact on inflation.   The British Pound steadied above a six-week low. However, it may lose more due to growing worries that Britain and the …

Euro edged up higher as traders await the ECB’s decision Read More »

U.S. dollar and Japanese Yen rallied. What about the Euro?

U.S. dollar and Japanese Yen rallied. What about the Euro?

The U.S. dollar found support on Wednesday after trading in the red for the last few days. The stock market’s slide frightened investors, and they decided to sell riskier currencies. Meanwhile, worries about Brexit caused the Sterling to tumble down to a new six-week low.   The greenback surged forward by nearly 2% against a …

U.S. dollar and Japanese Yen rallied. What about the Euro? Read More »

Dollar, japanese Yen and other currencies

Japanese Yen stood at 106.30. What about other currencies? 

The Japanese yen traded at 106.30 per dollar on Tuesday. The Cabinet Office data showed that Japan’s economy shrank an annualized 28.1% in April-June. That caused some turbulence to the Japanese Yen, but it managed to steady considerably.   Meanwhile, the British Pound plummeted down by 0.8% versus the dollar due to stalemate in EU-UK …

Japanese Yen stood at 106.30. What about other currencies?  Read More »

Euro steadied while Sterling fell due to Brexit disagreement

Euro steadied while Sterling fell due to Brexit disagreement

The euro traded at $1.1841 on Monday, steadying against the greenback. Meanwhile, the dollar index changed insignificantly at 92.875. U.S. financial markets closed for the Labour Day holiday. Analysts anticipate trading volumes to be thinner than usual after opening.   Meanwhile, the British pound tumbled down by 0.5% to $1.3218. It touched a one-week low …

Euro steadied while Sterling fell due to Brexit disagreement Read More »