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 »
The dollar found a little support on Thursday. The Federal Reserve gave no real clues about its next moves, beyond an expected promise to keep its policy easy. A new rise in coronavirus infections hinders the U.S. economic recovery. Some traders had speculated that the Fed might loosen its approach to inflation, they now think …
U.S. dollar rose Thursday. What about risk-off currencies? Read More »
The euro traded at $1.1723 on Wednesday, increasing slightly during the recent session. Still, it was a tad lower from Monday’s 22-month high of $1.17815. The British pound stood at $1.2931 after it skyrocketed to a 4-1/2-month high of $1.2952 on Tuesday. The Australian Dollar traded at $0.7170, near its 15-month peak of $0.7184, which …
Euro edged up while Japanese Yen rallied against U.S. Dollar Read More »
The U.S. currency stayed near two-year lows on Wednesday. The dollar index stood at 93.720 against six major currencies, near its lowest level since June 2018. Furthermore, the greenback traded at 105.05 yen, almost reaching a 4-1/2-month low of 104.955, hit in the previous session. The greenback’s weakness stems from a crumbling perception that U.S. …
U.S. dollar remains weak as traders wait for Fed’s meeting Read More »
The U.S. dollar hit 93.918 on Tuesday. It climbed up from a two-year low of 93.492 against a basket of currencies. Despite that, it is still down by 3.6% in July. Experts think that the greenback will need stronger support to avoid posting its worst month in almost a decade. However, selling pressure faded ahead …
U.S. currency rebounded while Euro and Sterling declined Read More »
The U.S. dollar rebounded from a two-year low on Tuesday. Selling pressure faded ahead of a Fed meeting. Meanwhile, political wrangling over the next U.S. fiscal rescue package neared a conclusion. The greenback has been lowering since May, and it collapsed during recent days due to doubts about the U.S. coronavirus recovery and crumbling yields. …
U.S. dollar managed to climb up on Tuesday. Why’s that? Read More »
The euro continued rallying after European Union leaders agreed on a 750 billion-euro fiscal stimulus plan last week. The currency skyrocketed to a high of $1.17255 against the U.S. dollar overnight. However, it soon tumbled down below $1.17 in early London trading. Safe-haven currencies soared against the U.S. dollar. The Japanese yen hit a four-month …
Safe-haven currencies rallied against U.S. dollar on Monday Read More »
The U.S. dollar was steady on Monday after plunging to its lowest level since September 2018 overnight. Deteriorating U.S.-China relations weakened the greenback, along with domestic economic concerns as U.S. coronavirus infections showed no sign of slowing. U.S. Secretary of State Mike Pompeo declared that Washington and its allies must use more creative and assertive …
The U.S. dollar weakened on Monday. What about the Euro? Read More »
The dollar stopped lowering on Friday, while the safe-haven yen rose to a one-month high. Sino-U.S. tensions rose further after China retaliated for the closure of its consulate in Texas by ordering the United States to shut its Chengdu consulate. The euro remained strong, but the Australian and New Zealand dollars fell from multi-month peaks, …
The Japanese Yen hit a one-month high on Friday’s session Read More »
The Australian dollar tumbled down from a 15-month peak, lowering to $0.715. The New Zealand dollar traded at $0.6678, slightly below from Wednesday’s six-month high. The forex market is still trying to ascertain whether the jump in geopolitical tension will be enough to derail the positive vibes – stated Rodrigo Catril, the senior FX strategist …
Australian dollar declined along with New Zealand dollar Read More »
The U.S. dollar held on to gains against the Chinese yuan on Thursday. This was while heightened Sino-U.S. tensions kept currency markets wary. China has time until Friday to close its consulate in Houston due to accusations of spying. President Donald Trump stated that it is always possible to order other Chinese missions to close …
U.S. dollar remains weak while Chinese Yuan collapsed Read More »
Risk-off currencies declined on Wednesday. The Australian dollar plummeted down after hitting a new high of $0.7168 against the U.S. dollar. It dropped to $0.7129, flat on the day. Rising coronavirus cases and the renewed lockdown measures in Australia’s second-largest state had little impact on the Aussie thus far. The New Zealand dollar ended flat on …
Chinese Yuan and risk-off currencies declined on Wednesday Read More »
The U.S. dollar climbed up on Wednesday while the euro fell, reversing the “risk-on” trend of the previous 24 hours. China’s foreign ministry stated that it had received the abrupt notification about the escalation of recent U.S.-China tensions, causing the risk appetite in currency markets to diminish. As a result, the dollar partially erased its …
U.S. dollar edged up after the U.S.-China tensions increased Read More »
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