The Chinese yuan changed lower at 7.0732 per dollar in the offshore market on Friday. The Australian dollar was also steady at $0.6917 as analysts expect new data to show a swift rebound in retail sales in May. The New Zealand dollar traded at $0.6509. The U.S. continues to reprimand China for implementing Beijing’s new …
Chinese Yuan traded little changed despite rising tensions Read More »
The dollar traded into a narrow range on Friday. Safe-haven flows supported it as a resurgence of Covid-19 in the United States discouraged some traders from taking on excessive risk. The US currency traded at $1.2395 against the euro on Friday in Asia. It also held steady at 0.9469 Swiss franc after three straight days …
The US dollar changed little on Friday. What about the Yuan? Read More »
The sterling surged above $1.25 on Thursday for the first time in a week. It last sat at $1.2483, rallying by almost 2% from a one-month low hit on Monday. Meanwhile, the Euro traded at $1.1257 on Thursday, maintaining its gain of 0.3% since the start of the week. The New Zealand dollar gained a …
The Euro was steady on Thursday while the sterling gained Read More »
The U.S. dollar struggled against more sensitive currencies on Thursday due to positive U.S. and European economic data. However, worries about the pandemic halted more aggressive risk-taking ahead of upcoming U.S. jobs figures. The greenback lowered marginally against a basket of currencies, tracking toward its worst week in a month, with a 0.4% fall. But …
The U.S. dollar lowered. What about the Euro and Sterling? Read More »
The riskier currencies declined on Wednesday. The Australian and New Zealand dollars plummeted down in overnight trading. However, they rebounded soon, last trading versus the greenback at 0.6908 and at 0.6458, respectively. The Norwegian crown soared by nearly 0.3% against the Euro to a one-week high of 10.7785. Meanwhile, the Swedish crown traded flat after …
Aussie and Kiwi lowered. What about U.S. dollar and Euro? Read More »
The Japanese yen gained for the first time in more than a week on Wednesday. Traders were cautious, waiting for key European and U.S. economic data. The yen increased by almost 0.3% to 107.635 versus the dollar. The dollar also jumped overnight before losing gains. Investors expect U.S. manufacturing data for June to show rebound …
Japanese Yen surged forward. What about the Norwegian crown? Read More »
The Chinese yuan and the Australian dollar increased slightly after new data showed that China’s factory activity grew at a stronger pace in June. Specifically, the yuan climbed up by 0.1% to 7.072 per dollar in offshore trading on Tuesday. However, the Aussie soon pulled back and ended the session lower by 0.2% to $0.6854. …
Chinese yuan rose while Japanese yen and Swiss franc fell Read More »
The U.S. currency held on to modest gains on Tuesday. The dollar index was higher by 0.27% at 97.686 against a basket of currencies. Traders were torn between optimism about economic growth rebounding and concerns that a surge in new COVID-19 cases could jeopardize fast V-shaped recovery. U.S. home sales and Chinese factory’s recent data …
U.S. dollar edged higher. How did other currencies fare? Read More »
The Euro rose by 0.2% to $1.1239 in Asia on Monday. According to experts, the currency may wrap up its best two months against the U.S. dollar in a year and a half. The hopes for an additional stimulus from a united EU and a fast regional recovery pushed the Euro ahead about 2.5% since …
European currencies rallied on Monday. What about Dollar? Read More »
The U.S. dollar wavered on a rise on Monday. However, riskier currencies edged up as investor sentiment swung between hopes for global economic recovery and concerns that a fresh wave of coronavirus cases could undermine the reopening of businesses. The greenback tumbled down by 0.2% to 97.303 against a basket of currencies, retreating from a …
U.S. dollar fluctuated while Yen and Swiss Franc gained Read More »
The U.S. dollar wavered as coronavirus infections rose in America. So far, Texas has seen one of the biggest jumps in new cases. The governor of Texas halted the state’s reopening on Thursday as hospitalizations increased. The greenback slid by 0.1% to 97.251 against a basket of other currencies. Meanwhile, the Australian dollar remained stuck …
Dollar declined on Friday as virus cases surged in the U.S. Read More »
The euro rallied on Friday. The currency is set for its biggest weekly rise in three weeks. The European Central Bank reaffirmed its dovish stance on its policy meeting, causing the struggling euro to surge forward again. The Central Bank faced the biggest economic contraction in a few generations this June. So, the ECB policymakers …
The Euro skyrocketed on Friday. What about other currencies? Read More »
The Japanese Yen plummeted down against the U.S. dollar on Thursday. The greenback traded at 107.18 yen, surging forward from the 1-1/2-month low of 106.075 touched on Tuesday. The dollar rallied on Thursday, its index soaring by 0.1% to 97.27 against a basket of currencies. The International Monetary Fund stated that it sees a deeper …
Japanese Yen fell against the U.S. dollar on Thursday Read More »
The U.S. dollar gained on Thursday, its index rising by 0.1% to 97.27 against a basket of currencies. A new increase in coronavirus cases in the United States, along with fresh trade tensions, undermined hopes for a rapid global recovery, prompting investors to move on risk-off currencies. In the United States, new daily virus cases …
Dollar continues gaining. What about commodity currencies? Read More »
European currencies lowered on Wednesday as selling pressure hit several of them. The sterling declined by more than a third of a percent. Meanwhile, the Euro lost some of the week’s gains, tumbling down by nearly 0.2%. Optimistic sentiment about the fast global economic recovery from the pandemic is tempering. Instead, traders are concerned that …
The Euro lowered on Wednesday. What about the Sterling? Read More »
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