The U.S. dollar skyrocketed on Friday due to rising geopolitical tensions. This was compounded by fears that the second wave of coronavirus cases could hinder a swift economic recovery. The greenback is on track for its best weekly gain in a month. While it was flat in European morning trade, overall, the dollar has gained …
U.S. dollar rallied. What about the other currencies? Read More »
The sterling lowered to $1.2557 on Thursday. Traders are waiting for a Bank of England meeting, which is scheduled this week. They expect policymakers to expand quantitative easing due to a struggling economy and rocky trade negotiations with the European Union. The British pound was little changed at 89.65 pence against the euro. The Bank …
Sterling declined on Thursday. What about Euro and Dollar? Read More »
The U.S. dollar and the Japanese yen climbed up on Thursday as investors’ demand on safe-havens increased due to the new coronavirus outbreaks. The greenback traded at $1.1256 per euro after gaining 0.2% in the previous session. It also bought 0.9493 Swiss francs, holding onto a 0.3% gain on Wednesday. Meanwhile, the yen edged up …
Safe-haven currencies in demand. What about Euro and Yuan? Read More »
The British pound was steady on Wednesday, trading at around $1.2576, below a three-month high of $1.28 hit earlier in June. Brexit’s developments hobble the Sterling. Meanwhile, the Euro stopped rising due to the U.S. Federal Reserve’s cautious message. The currency traded below the three-month high of $1.1422 reached last week. It stood at $1.1286 …
The Euro was steady on Wednesday. What about the Sterling? Read More »
The dollar changed insignificantly on Wednesday after U.S. retail sales increased by more than expected in May. However, caution kept traders from aggressively buying riskier currencies like the Australian or the New Zealand dollars. On Tuesday, U.S. Federal Reserve Chairman Jerome Powell painted a rather bleak picture of the U.S. economy. He managed to simultaneously …
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The Norwegian crown plunged to a 4-week low against the euro as oil prices dropped. The Swiss National Bank, the Bank of England, and Norges Bank will hold meetings on Thursday. However, analysts expect them to keep their main policy rates unchanged. Meanwhile, the euro fell by 0.2% against the dollar at $1.1232. European countries …
Norwegian crown collapsed along with commodity currencies Read More »
The U.S. dollar gained on Monday, while commodity currencies collapsed as a risk-off sentiment dominated Forex markets. It was partly caused by fears of a second wave of coronavirus infections after new cases were recorded in Beijing. U.S. numbers also rose over the weekend. On Monday, Beijing announced its second consecutive day of record numbers …
U.S. dollar rallied while commodity currencies lowered Read More »
The British pound was steady on Friday. The country was in a tight pandemic lockdown for a month. As official data showed on Friday that caused a sharp decline. However, Sterling managed to stay strong thus far. According to reports, Britain’s economy shrank by a record 20.4% from March to April. Investors hope that this …
Sterling remained strong despite British economy’s problems Read More »
The Euro climbed up slightly against the U.S. dollar on Friday, near to the three-month high it hit earlier in the week. Traders stopped from cashing in the latest profits, giving the Euro an opportunity to gain. The currency grew by 0.1% to $1.1315. It hasn’t veered far from $1.1422, the high point it reached …
The Euro gained on Friday. What about the other currencies? Read More »
The U.S. dollar climbed up on Thursday from a three-month low, which it hit in Wednesday’s session. The greenback declined after the optimistic mood on the markets bolstered the risk-off currencies. However, after a U.S. central bank policy meeting expectations that the global economy will recover in a short time from the pandemic took a …
U.S. dollar recovered after the Fed’s dire predictions Read More »
The Australian and New Zealand dollars declined from recent peaks in early trade on Tuesday. Before that, the Aussie reached a 10-month peak of $0.7040, and the kiwi jumped to a four-and-a-half month high of $0.6576. New Zealand ended all social restrictions after declaring the nation free of infections on Monday, which caused the currency’s …
Australian and New Zealand dollars fell. What about Euro? Read More »
The U.S. dollar declined on Tuesday due to investors’ trepidation over the U.S. Federal Reserve’s next move. A statement from the Fed is due on Wednesday, and it will be followed by a news conference half an hour later. Investors don’t expect the agency to change interest rate settings. After last week’s job figures, futures …
U.S. dollar fell on Tuesday. What about riskier currencies? Read More »
The Australian dollar tumbled down by almost 2% on Tuesday after China’s education ministry cautioned students to carefully consider studying there due to the tension between the trading partners. On the other hand, the U.S. dollar recovered slightly, gaining against commodity currencies for the first time in June. Traders decided to halt the risk-off exchanges …
The Aussie and Kiwi declined. What about the Japanese Yen? Read More »
The Euro surged forward to $1.1314 on Monday. The European Central Bank announced last week that it would increase bond purchases to help the eurozone’s weakest economies. This news bolstered the Euro. The British pound also soared by 0.25% to $1.2704 in Asia on Monday, near its highest point since March 12. Furthermore, the Australian …
Euro and Sterling skyrocketed. What about Asian currencies? Read More »
The U.S. dollar plummeted down against the British pound and the Antipodean currencies. Its downfall was caused by the surprising improvement in U.S. labor market data, which bolstered expectations for economic recovery and reduced safe-harbor demand for the greenback. On the other hand, the Australian and New Zealand dollars rallied on Monday. Both of them …
Australian and New Zealand dollars surge against U.S. dollar Read More »
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