Thu, March 28, 2024

Forex

The Euro hit new high while the British pound declined

The Euro hit new high while the British pound declined

The Euro continued gaining on Friday, hitting a two-month high. It jumped up by 0.2% to $1.111, reaching its highest point since March 30. The common currency got a boost following the European Commission’s stimulus plan issued earlier this week. After the 750 billion-euro coronavirus recovery fund fuelled optimism about the eurozone economy, the Euro …

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European currencies and dollar

Euro surged forward on Thursday. What about the U.S. dollar?

The Euro skyrocketed on Thursday. European Union put aside 750 billion euro to help the economies affected by the virus. The plan was approved recently, and such stimulus boosted the currency. The Euro hit an eight-week high of $1.1035, but it soon lowered to $1.1006 due to doubts about delivering the scheme. The U.S. dollar …

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Asian currencies remain Low. What about the U.S. dollar?

Asian currencies remain Low. What about the U.S. dollar?

Asian currencies fluctuated on Thursday due to the rising Sino-U.S. tensions and optimism over recovering global growth. On the other hand, the U.S. dollar remained steady. As the U.S. and China continue to exchange scathing comments, the Chinese Yuan remains under heavy pressure. It negatively influences the Antipodean currencies as well. On Wednesday, the Yuan …

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Chinese Yuan fell on Wednesday. Market is in a risk-off mood

Chinese Yuan fell on Wednesday. Market is in a risk-off mood

The Chinese Yuan collapsed to its lowest point in almost nine months as tensions escalated in Hong Kong. In onshore trading, the Chinese currency declined to 7.1595 per dollar. A seasonal rise in Chinese corporate demand for the greenback also influenced the Yuan, further exacerbating its fall. Chinese companies listed in Hong Kong bought the …

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U.S. dollar soared while Chinese Yuan declined on Wednesday

U.S. dollar soared while Chinese Yuan declined on Wednesday

The U.S. dollar climbed up on Wednesday after declining recently. Renewed protests in Hong Kong, along with worries about the U.S. response to China’s proposed security law, boosted safe-haven demand for the greenback. The dollar jumped to $1.2320 against the pound, rising from its lowest level in two weeks. It also traded at $1.0958 per …

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Several Asian currencies rallied due to riskier sentiment

Several Asian currencies rallied due to riskier sentiment

The Forex market rallied on Tuesday due to rising optimism about a global recovery from the coronavirus pandemic. As a result, the U.S. dollar fell, but riskier currencies surged forward. The Australian and New Zealand dollars rose by 0.3%. On Tuesday, the Aussie was steady at $0.6559 along with the kiwi at $0.6112. However, they …

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U.S. dollar declined. What about other currencies?

U.S. dollar declined. What about other currencies?

The dollar lowered on Tuesday despite concerns about Sino-U.S. tensions. Growing optimism about a global recovery from the coronavirus pandemic supported riskier currencies, causing the greenback’s fall. The U.S. currency was slightly softer against most Asian currencies. It changed insignificantly against a basket of currencies, trading at 99.692. On the other hand, the British pound …

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Safe-haven demand increased on Friday. U.S. dollar hits high.

Safe-haven demand increased on Friday. U.S. dollar soared

The safe-haven yen rallied on Friday, reaching 107.46 against the U.S. dollar. The Japanese currency also surged forward by 0.6% versus the Aussie and jumped up by 0.4% against the kiwi. The Bank of Japan released the details about a lending scheme for small-cap companies damaged from the coronavirus pandemic after an emergency meeting. So …

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Ahead Of The US CPI Release, The Dollar Rises On High Yields

U.S. dollar hit high as the tensions with China escalated

The U.S. dollar gained against a basket of currencies on Friday. As the diplomatic tensions are rising between the United States and China, the demand for safe-haven currencies increased. China’s treatment of the former British colony of Hong Kong became another reason for the stressed relationship between the countries. U.S. President Donald Trump also blamed …

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U.S. dollar declined while riskier currencies hit high

U.S. dollar declined while riskier currencies hit high

The U.S. dollar plummeted on Thursday, while riskier currencies held gains. Traders shrugged off negative forecasts and rising Sino-U.S. tensions, hopeful about a fast recovery from the COVID-19 pandemic. The risk-sensitive Australian dollar managed to break free from two months of rangebound moves in bullish overnight trading. The Aussie hit a ten-week high of $0.6616. …

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U.S. dollar remains low. Risk aversion on FX markets

U.S. dollar remains low. Risk aversion on FX markets

The U.S. dollar still traded low, near to 99.225 points on Wednesday. The Euro’s gains caused the greenback’s drawback. Traders waited for the outcome of the Fed’s policy minutes from the last meeting, avoiding any sudden moves. Broader currency market volatility tumbled down to its lowest level in more than two months as well. Meanwhile, …

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Asian currencies hit high. What about the U.S. dollar?

Asian currencies hit high. What about the U.S. dollar?

Some Asian currencies rallied on Tuesday as risk-sentiment improved. The Australian dollar climbed up to $0.6530, close to a one-week high, and the New Zealand dollar rose by 0.25%, to $0.6054. The Reserve Bank of New Zealand’s Deputy Governor, Geoff Bascand’s, announcement boosted the kiwi briefly. According to him, the central bank would re-evaluate its …

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