The dollar rose on Wednesday after finding support. U.S. yields surged forward, pushing the U.S. currency higher against the Japanese yen. Traders wagered on a broader and deeper U.S. coronavirus recovery. The yield on 10-year U.S. debt made its steepest gain in two months overnight ahead of a record $38 billion auction which is due …
U.S. dollar is soaring. What about the New Zealand dollar? Read More »
The Euro traded at $1.1736 on Tuesday after plummeting down to $1.1722 earlier. On the other hand, the U.S. dollar soared. Before that, the greenback had been falling for seven straight weeks. Traders think that it was long due for a short-term corrective bounce. Meanwhile, the Turkish lira traded at 7.2785 per dollar on Tuesday. …
Euro gained slightly Tuesday. What about other currencies? Read More »
The U.S. dollar held on to its gains on Tuesday after hitting a one-week high against the Euro. A stalemate in the U.S. Congress over fiscal stimulus and the U.S.-China tensions supported safe-haven currencies. On Monday, Trump administration officials and Congressional leaders stated that they were ready to resume negotiations on a coronavirus aid …
Greenback maintained gains while Canadian dollar rallied Read More »
The U.S. dollar strengthened slightly against a basket of currencies at 93.339 on Monday, trading just above a two-year trough. It also traded at 105.75 against the Japanese Yen, soaring above the recent low of 104.17. But the dollar faced stiff resistance at 106.46. Even though the greenback tried to continue its rally, it struggled …
The dollar firmed on Monday, but it was still lower Read More »
The U.S. dollar tried to continue rallying on Monday, but it struggled after the longest losing streak in a decade. Recent declines left the greenback vulnerable. The market was also structurally short of dollars. On Friday, a better payroll report pushed Treasury yields higher into this week’s massive $112 billion debt sale. However, it still …
U.S. dollar struggled to continue rally Monday. Why’s that? Read More »
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 »
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