The Chinese yuan was stable at 7.0176 in onshore trading on Wednesday, stopping a two-day rally. Meanwhile, the Australian dollar traded flat at $0.6944. After Australia’s second-biggest city, Melbourne, reimposed pandemic lockdown measures on Tuesday, sentiment for the Aussie stayed weak. The euro increased by 0.12% to $1.2870. A recent drop in selling positions against the …
Chinese Yuan traded steady while the Aussie was flat Read More »
The dollar declined slightly on Wednesday as traders weighed hopes for a swift economic recovery against concerns about a resurgence in the pandemic, especially in the United States. Demand for the greenback as a safe-haven lowered as oil prices eased on oversupply fears. However, risk sentiment was also undermined after Fed officials expressed concern that …
U.S. dollar fell Wednesday. How did other currencies fare? Read More »
Riskier currencies rallied on Tuesday despite the surging coronavirus cases. Rapidly spreading infection is casting doubts over the global recovery. Still, the New Zealand dollar skyrocketed by 0.3% to a one-month high of $0.6580. Imre Speizer, the FX analyst at Westpac in Auckland, noting that it could reach $0.67 if sentiment holds. On the other …
Aussie dollar was steady. What about New Zealand dollar? Read More »
The U.S. dollar nursed losses on Tuesday, while riskier currencies added a little to their gains. Better-than-expected U.S. services boosted traders’ confidence in a global economic recovery from the coronavirus pandemic. The greenback hovered near a two-week low against a basket of currencies. Meanwhile, the Chinese yuan surged forward and briefly broke past the 7 …
U.S. dollar lowered as risk sentiment improved in market Read More »
The Japanese yen declined against most major currencies on Monday. Gains in Asian share prices encouraged some risk-on trades, causing the Japanese yen’s downfall. The currency tumbled down by 0.5% against the euro to 121.56. The Japanese yen also declined roughly by 0.5% against the Australian and New Zealand dollars. However, analysts stated that …
Japanese Yen fell on Monday while Chinese Yuan soared Read More »
The U.S. dollar traded steady against most currencies on Monday. Investors expected new data to show the U.S. services sector stopped contracting. That would further lift hopes for economic recovery from the pandemic. The dollar climbed up to 107.68 yen on Monday after gaining 0.3% last week. However, the dollar dipped to 0.9432 against the …
U.S. dollar edged up slightly. What about the Yen and Yuan? Read More »
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 »
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