The Canadian dollar plummeted down to a three-week low on Wednesday. However, it steadied in Asia later as traders awaited a Bank of Canada policy decision. The Norwegian krone also declined, hitting a more than the six-week low of 9.1840 per dollar. The oil price plunged overnight and dragged down oil exporters’ currencies with …
Why did Canadian dollar and Norwegian krone fall? Read More »
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 »
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 »
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 »
The U.S. dollar climbed up 0.2% higher against a basket of currencies during the last days. It simultaneously rose by roughly the same margin versus the euro to $1.1816. On Tuesday, it held on to small overnight gains as traders weighed whether an accommodative turn from the ECB later this week could hit the common …
The dollar rose on Tuesday. What about the other currencies? Read More »
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 »
The euro steadied against the U.S. dollar on Monday, trading above $1.18. Investors contemplated the latest U.S. jobs data. This was in preparation for the European Central Bank meeting on Thursday. At the meeting, trades contemplated whether policymakers will agree on more stimulus. The greenback has plummeted down to more than two-year lows against …
The dollar steadied on Monday due to positive U.S. jobs data Read More »
The Antipodean currencies declined slightly at the beginning of Friday’s session. Traders were worried after a sell-off in U.S. tech shares hit Asian stocks. However, the Australian dollar steadied at $0.7272 later on Friday. New data about local retail sales accelerating in July helped the currency. Meanwhile, the New Zealand dollar recovered some losses, last trading at …
The Aussie dollar was steady on Friday. What about the Kiwi? Read More »
The Euro declined by 0.4%, lowering at $1.1806 on Thursday. The currency soared earlier this week, reaching $1.20. However, traders were concerned about the fast rise. They thought the Euro’s surge was too strong for the ECB’s liking. Investors’ fears have intensified after a Financial Times report confirmed those concerns. Lee Hardman, a currency analyst …
The Euro fell due to concerns about a new financial report Read More »
The U.S. dollar was steady against major currencies on Friday. Traders were waiting for key U.S. jobs data, expecting that it will shed light on the strength of economic recovery from the Covid-19 pandemic. Thus far, the dollar has managed to stop its recent slide. However, analysts warn that sentiment remains weak due to …
U.S. dollar remained steady on Friday. What about the Euro? Read More »
The U.S. dollar soared by 0.3% against a basket of currencies at 92.96 on Thursday. It continued gaining as traders sold the Euro on concerns that the ECB was worried about its rise. The greenback surged forward by about 1.3% above the 28-month low it hit against a basket of currencies on Tuesday. The dollar …
U.S. dollar continues rallying while the Euro tumbled down Read More »
The forex market fluctuated on Wednesday. The Swedish crown and kiwi dollar showed little changed, but the Norwegian crown tumbled down by 0.2% against the U.S. dollar. The Euro also plunged below $1.19, trading at $1.18785 at last. It fell by 0.3% since the previous session’s New York close. On Tuesday, the common currency …
Swedish crown was steady on Wednesday. What about Kiwi? Read More »
The U.S. dollar gained on Wednesday after positive U.S. manufacturing data. On the other hand, the Australian dollar struggled last week. This comes after GDP data on Wednesday confirmed the country is in recession for the first time in three decades. In the United States, Manufacturing activity increased more than expected in August, with …
U.S. dollar surged forward on Wednesday due to positive data Read More »
The Japanese yen stayed in a narrow range on Tuesday while politicians tried to choose a new premier. After Prime Minister Shinzo Abe’s shock resignation last week, there has been turmoil in Japan. On the other hand, several off-risk currencies strengthened. The New Zealand dollar traded at $0.6740, near its strongest point in two years. …
The Australian and New Zealand dollars rallied on Tuesday Read More »
The U.S. dollar plummeted down near multi-year lows against most major currencies on Tuesday. Before that, the dollar index plunged on Monday to a two-year low at 91.989 against a basket of six major currencies. The Fed’s new policy framework continued to bolster bets that U.S. rates will stay much longer than other countries. During …
U.S. dollar is still low. What about risk-off currencies? Read More »
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