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 »
The U.S. dollar surged forward on Wednesday after two straight days of losses. As such, forex markets are tempering hopes of a fast global economic recovery. The greenback soared by more than 0.2% against a basket of currencies, as risk-off sentiment strengthened in early trading in Europe. As a result, selling pressure hit several currencies, …
U.S. climbed up on Wednesday while risk-off currencies fell Read More »
The U.S. dollar rose by 0.16% to 97.189 against a basket of currencies on Tuesday. The World Health Organization reported a record surge in global novel coronavirus cases on Sunday. There were spikes in infections in western and southern U.S. states, as well as in Brazil. After such dire news, demand for safe-havens increased again. …
The U.S. dollar gained on Tuesday. What about the Euro? Read More »
The Chinese yuan declined along with the Australian dollar and other risk-sensitive currencies on Tuesday. Peter Navarro, White House trade adviser, declared that the trade deal with China is over, causing currencies to fall. The Chinese yuan tumbled down by 0.35% to 7.0815 per dollar in offshore trading. Meanwhile, the Australian dollar dropped by 0.5% …
Chinese Yuan fell on Tuesday. What about Aussie and Kiwi? Read More »
The risk-off currencies fell against the safe-havens on Monday. The Australian dollar declined against the U.S. currency and the Japanese yen during the morning trade. However, it climbed up about 0.2% higher against both later. The Aussie last traded at $0.6844 and 73.18 yen. Meanwhile, the New Zealand dollar stayed strong slightly stronger, trading at …
Australian and New Zealand dollars struggled on Monday Read More »
The U.S. dollar reached a three-week high while commodity currencies were hindered on Monday. Traders turned to safe-havens due to renewed concerns about the second wave of coronavirus infections. As a result, the moves were modest on the FX markets. The World Health Organization reported a record increase in global cases on Sunday. Apple Inc …
U.S. dollar skyrocketed while riskier currencies declined Read More »
The Euro traded flat at $1.1207 on Friday. It declined by approximately 1% versus the Dollar since Tuesday. Investors were waiting for a European Union summit. They expected bloc leaders to attempt to navigate regional divisions over a 750 billion euro coronavirus recovery fund. Meanwhile, the British pound was also flat at $1.2433. According to …
Euro lowered against Dollar. How did other currencies fare? Read More »
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 …
U.S. dollar lowered on Wednesday due to new virus outbreaks Read More »
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