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 »
The dollar continued to stay flat on Tuesday against a basket of currencies. It traded at 95.675 at last. However, several other currencies rallied. The Canadian dollar skyrocketed, with the U.S. dollar lower by 0.4% to C$1.3484. The Norwegian crown also surged forward, with the Euro falling by 0.5% against the crown to 10.51 crowns. …
The Canadian dollar rallied along with Norwegian crown Read More »
The Euro hit its strongest point since early March on Tuesday after rallying on Monday. European Union countries struck a new deal for a massive stimulus plan to boost their coronavirus-hit economies. Such an upturn in sentiment sent the Australian dollar to a one-year high as well. Encouraging results from several COVID-19 vaccine trials also …
The Euro continued rallying along with other currencies Read More »
The dollar index stayed flat at 95.95 on Monday. Investors’ strong risk appetite kept its advance in check as the expectations of more stimulus from Europe and the United States strengthened sentiment. Democrats and Republicans pushed for their own agenda over the last week as they argued in the U.S. Congress over a new coronavirus-aid …
The U.S. dollar remained flat while the Euro skyrocketed Read More »
The Euro pulled back after surging forward to a 19-week high of $1.1467 on Monday. EU summit chairman, Charles Michel, stated that a recovery fund to revive economies hit by the coronavirus pandemic could contain 390 billion euros in grants. This news caused the Euro’s rally. After three days of discussions, EU leaders have made …
The Euro rallied as EU discussed new Covid-19 recovery fund Read More »
The euro remained mostly steady at $1.1386 on Friday. However, it edged up against the British pound at 90.62 pence. The euro increased due to the hopes that European officials would agree on fiscal stimulus measures at a new meeting. On the other hand, the Sterling changed insignificantly at $1.2569. Meanwhile, the U.S. dollar traded …
Euro and Sterling were mostly steady while Dollar gained Read More »
The U.S. dollar held onto gains against most currencies on Friday. Traders are worrying that a surge in the coronavirus is starting to curb economic activity. Negative sentiment drew safe-haven flows into the U.S. currency. The euro also soared due to the hopes that European officials will agree on fiscal stimulus measures at a new …
U.S. dollar rallied against Yen, Sterling and Swiss franc Read More »
The Euro declined by 0.1% to $1.1401 on Thursday. The ECB left monetary policy was unchanged at its last meeting. The central bank has taken unprecedented measures over the past four months to help the economy fighting pandemic effects. However, the Euro shrugged off the outcome of the last European Central Bank meeting, remaining mostly …
The Euro and the British Pound ended in the red on Thursday Read More »
The dollar soared by 0.2% to 107.10 against the safe-haven Japanese yen on Thursday. The greenback strengthened as traders focused on poor Chinese retail sales instead of its stronger than expected economic growth in the past quarter. However, the focus is now shifting more to the European Union summit this weekend. On Thursday, the euro …
U.S. dollar strengthened while other currencies declined Read More »
The Japanese yen stood at 107.28 yen per dollar on Wednesday. It changed insignificantly after the Bank of Japan kept monetary policy steady. The bank maintains its stance that the economy would gradually recover from the COVID-19 pandemic. On the other hand, the risk-sensitive Australian dollar climbed up by 0.24% to $0.6992. The onshore yuan …
Japanese Yen changed slightly while the Yuan increased Read More »
The euro rallied to a four-month high against the dollar on Wednesday. This was due to the hopes that European Union leaders may agree on an additional stimulus, thus helping countries recover from the pandemic. The euro jumped to $1.1400, after climbing up to its highest level since March 10 at $1.1423 earlier in the …
The Euro continues rallying while the U.S. dollar declined Read More »
The euro held on to its gains against the dollar and the pound on Tuesday. This is while traders awaited data on German investor sentiment. They were trying to better gauge the pace of Europe’s recovery from the pandemic crisis. The euro stood at $1.1346, and it traded at 90.36 pence against the pound. Thus, …
Euro maintained its gains while the Aussie and Kiwi fell Read More »
The U.S. dollar traded into narrow ranges against most currencies on Tuesday. This was due to renewed worries about diplomatic tensions between the United States and China. Rising coronavirus cases also dampened the risk appetite. The greenback stood at 107.35 yen in Asia on Tuesday, following a 0.4% gain in the previous session. And the …
U.S. dollar moved in narrow ranges. What about the Euro? Read More »
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