The euro lowered by 0.3% at $1.1845 on Friday, tumbling down from its recent highs. The British pound slid by 0.2% to $1.3115 as well. The Japanese yen traded flat at 105.58. However, other major currencies weakened against the U.S. dollar. The Australian dollar plummeted down by 0.3% at 0.7220. The Reserve Bank of Australia’s …
The Euro and Sterling declined against the U.S. dollar Read More »
The U.S. dollar rebounded on Friday while other major currencies lowered. President Donald Trump took some measures to ban transactions with the Chinese owners of two popular mobile apps. On Thursday, Trump issued an executive order to ban transactions with ByteDance, the Chinese company owning the video-sharing app TikTok, and Tencent Holdings Ltd, owner of …
U.S. dollar soared on Friday. What caused its rebound? Read More »
Riskier currencies mostly rallied during the last few weeks as the U.S. dollar weakened. However, the greenback began recovering on Thursday, and several other currencies lowered against it. The Australian and New Zealand dollars rallied overnight, but they plummeted down on Thursday. The Aussie traded at $0.71905, lower by 0.1%. The New Zealand dollar …
Australian and New Zealand dollars lowered on Thursday Read More »
The dollar surged forward on Thursday. Risk appetite dwindled today as markets waited for U.S. jobs data and new reports about fiscal aid negotiations in Washington. On Wednesday, ISM data in the United States’ new service industry orders hit a record high. However, it also showed that hiring decreased, suggesting that a labor market …
U.S. dollar climbed up on Thursday. What about others? Read More »
The Japanese yen rallied to 105.66 per dollar on Wednesday. The Australian and New Zealand dollars gained as well, surging towards multi-month highs hit last week. The Aussie climbed up by 0.2% to $0.7172. Meanwhile, the kiwi won support from an unexpected fall in unemployment. It traded 0.3% stronger at $0.6639 on Wednesday. …
Japanese Yen soared Wednesday along with risk-on currencies Read More »
The dollar was under pressure on Wednesday due to crumbling U.S. yields. Thus far, Congress left the latest coronavirus relief package hanging in the air. Meanwhile, the Euro is soaring against the greenback. It seems that the U.S. recovery is lagging in Europe. Such perception boosted the common currency just below a two-year high. The …
U.S. dollar traded under pressure on Wednesday. Why’s that? Read More »
The sterling was steady at $1.3069 per dollar on Tuesday. However, the Asian currencies fluctuated. The Chinese yuan tumbled down to 6.9814 as Sino-U.S. tensions continue rising. On the other hand, the Australian dollar rallied, though it was still 0.1% lower at $0.7117. The New Zealand dollar edged up to $0.6616 as well. The …
The U.S. dollar remains weak. What about Asian Currencies? Read More »
The U.S. dollar remained low on Tuesday. Traders contemplated encouraging economic data and slow progress toward a U.S. government spending package, along with the steady rise of coronavirus cases. Even though the greenback had its worst month in a decade in July, it began rebounding in August, rising as high as $1.1695 per euro on …
Dollar Traded Lower Tuesday. What About Other Currencies? Read More »
The Euro remained almost unchanged at $1.1768 on Monday. Even though it rose from a low of $1.1741 touched earlier in the session, the Euro is still more than a cent below Friday’s two-year high of $1.1908. The common currency hit a speed bump on some technical signs of being overbought in the near-term – stated …
Euro changed slightly on Monday. How is it faring? Read More »
The U.S. dollar lost some gains on Monday as traders worry about the U.S. economy’s slowing recovery. It traded at 105.90 yen, lowering from an early high of 106.44. U.S. bond yields have plunged to their lowest level since March. The 10-year rate lowered by almost 0.50%, undermining the greenback’s yield attraction. Meanwhile, the Euro …
U.S. Dollar Still Low While the Euro Remained Steady Read More »
The Euro surged forward to $1.1908 on Friday before settling at $1.1854, higher by 0.1% on the day. The currency traded below $1.10 in May. However, European Union leaders agreed to a 750 billion euro economic recovery fund this month. After that, the Euro skyrocketed again. The British pound soared to $1.3143, a 4-1/2 month …
The Euro skyrocketed on Friday. How did Sterling fare? Read More »
The U.S. dollar plummeted down on Friday, getting on course for its biggest monthly drop in a decade. Traders fretted that a rebound in the U.S. economy would be hindered by the struggle to stem the Covid-19 epidemic. However, the greenback’s weakness propelled the euro higher. The common currency reached $1.19, its strongest since May …
U.S. dollar continued downfall while the Euro rallied Read More »
The euro will end the month with a quiet yet significant bang. The European Union’s common currency will record its best monthly gain, at 4.7%. Although falling by 0.34 percent, it settled at 1.1752 per USD on Thursday. This is due to the drop in the European stock market driven by lukewarm revenues in the …
The Japanese yen lowered by 0.3% to 105.24 per dollar on Thursday. However, the yen climbed up against other major currencies as the sentiment stayed cautious. Investors’ focus turned to forthcoming European and U.S. data, along with a U.S. fiscal rescue package. The Chinese yuan was under pressure, lowering to 7.0055 on Thursday. Sino-U.S. relations …
Japanese Yen declined on Thursday. What about the Euro? Read More »
The greenback continues to plummet, while the dollar index reached its lowest slip in two years at 0.52%, settling at 93.276. The US’ trading partners enjoy their time against a weak dollar, as the Fed retains its dovish monetary policy. The EU’s common currency, the euro, hit a two-year high of a 5% hike. At …
USD: World’s Reserve Currency May Be Abdicated from Throne Read More »
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