Tue, May 14, 2024

Forex

Yen against Dollar

Yen was steady against Dollar. What about Euro and Sterling?

The Japanese yen traded at 105.52 against the dollar on Tuesday. Meanwhile, the risk-sensitive Australian dollar gained, trading at $0.7084. The New Zealand dollar stood at $0.6568. The euro steadied at $1.1674 after European Central Bank President Christine Lagarde’s statement. She said that the external value of the shared currency impacts inflation. On the other …

Yen was steady against Dollar. What about Euro and Sterling? Read More »

U.S. dollar and other currencies

U.S. dollar steadied while the Aussie and the Kiwi gained

The dollar remained steady against a basket of currencies on Tuesday. Investors waited for the first U.S. presidential debate while simultaneously tracking developments on the U.S. stimulus bill.   The dollar index remained unchanged at 94.209, lowering from a two-month high of 94.745 reached last week. Stock markets made solid gains partly on positive China …

U.S. dollar steadied while the Aussie and the Kiwi gained Read More »

Pound and euro

Sterling inched forward on Monday. What about the Euro?

The euro stood at $1.1635 on Monday. It traded at $1.16125 on Friday, plummeting down to its lowest level in two months. The British Pound Sterling changed hands at $1.2767, a bit higher than Wednesday’s two-month low of $1.2676.   The Japanese Yen traded at 105.46 against the U.S. dollar. Meanwhile, the greenback nearly reached …

Sterling inched forward on Monday. What about the Euro? Read More »

Dollar

U.S. Dollar declined on Friday due to hopes of new stimulus 

The U.S. dollar tumbled down from a two-month peak on Friday. Renewed hopes of fresh U.S. stimulus eased traders’ concerns about its economic recovery. Meanwhile, the yuan surged forward after China was added to a global bond benchmark. Despite lowering, the dollar is on track for its biggest weekly gains in nearly a half year. …

U.S. Dollar declined on Friday due to hopes of new stimulus  Read More »

Euro remained low

Euro remained low on Thursday. What about other currencies?

The Euro traded at $1.1656 on Thursday, near to two-month low against the dollar reached on Wednesday. Data about German business – the Ifo survey was due later on the day, and some analysts speculated how it would influence the common currency. The report may show an improvement in business morale in Germany. On Wednesday, …

Euro remained low on Thursday. What about other currencies? Read More »

united states Dollar extended its rally

Dollar extended its rally as the pandemic threatens markets

The U.S. dollar was steady against most currencies on Thursday. Signs of an economic slowdown in the United States and in Europe bolstered concerns about the fallout from the second wave of Covid-19 infections.   The greenback will probably continue to rise as another spike in virus cases in Europe boosts its safe-haven appeal. The …

Dollar extended its rally as the pandemic threatens markets Read More »

The Sterling and dollar

The Sterling hovered near its record lows against Dollar

 The U.S. dollar stood at $1.1708 per euro in Asia on Wednesday, close to a two-month low hit in the previous session. The currency traded at 0.9198 Swiss francs, holding onto a 0.6% gain from Tuesday. But it changed slightly at 105.06 yen. Overall, the greenback managed to hold onto gains against major currencies. Concerns …

The Sterling hovered near its record lows against Dollar Read More »

Euro and dollar

Dollar Rose Due to Positive Economic Data. What About Euro?

The U.S. dollar managed to hold onto gains against major currencies on Wednesday. Positive U.S. economic data and worries about the second wave of Covid-19 infections in Europe and Britain supported the greenback. Traders’ focus is on the New Zealand dollar today. There is a meeting scheduled later on Wednesday, and they expect the country’s …

Dollar Rose Due to Positive Economic Data. What About Euro? Read More »

Japanese Yen soared

Japanese Yen soared on Monday. What caused its rally?

The Japanese yen skyrocketed to a six-month high versus the U.S. dollar on Monday. Stock markets plummeted, and worried investors turned to the Japanese yen due to its safe-haven status.   Wall Street closed lower on Friday. Furthermore, Asian and European stock markets plunged in the red on Monday as the threat of new lockdowns …

Japanese Yen soared on Monday. What caused its rally? Read More »

Euro and Sterling

Euro and Sterling were mostly steady on Friday. Why’s that?

The euro changed insignificantly at 1.1849 per dollar on Friday. Traders are waiting for the eurozone PMI data next week and avoiding sharp moves until then. Some analysts think that a strong PMI could boost the common currency to the 1.19 level again versus the dollar.   The Sterling traded at $1.2959 after losing approximately …

Euro and Sterling were mostly steady on Friday. Why’s that? Read More »

Major currencies on Tuesday

U.S. dollar fell after rallying Thursday. What about Euro?

The U.S. dollar traded in tight ranges on Friday. It was poised for a weekly loss against major currencies after downbeat data turned the economic outlook negative. On the other hand, positive comments from New Zealand’s finance minister boosted its currency.   The U.S. dollar soared on Thursday after the Fed upgraded its 2020 economic …

U.S. dollar fell after rallying Thursday. What about Euro? Read More »