The Euro rallied on Thursday, trading at $1.1338, its highest level in almost three months. The currency jumped up by 2.1% during the week. It held on to significant gains on Friday as well. Furthermore, the Euro traded at 123.620 against the yen, rising to a 13-month high overnight. And it hit a five-month high …
Euro hit high as the ECB increased stimulus on Thursday Read More »
The U.S. dollar began rising on Thursday, climbing up by almost 0.3% against a basket of currencies. The greenback fell in the last week due to markets’ growing optimism about global economic recovery. Furthermore, the volatile demonstrations in United States cities concerned investors. Despite that, the U.S. currency rebounded in overnight trading. Riskier currencies, on …
U.S. dollar rebounded on Thursday while the Euro fell Read More »
The Euro lowered on Thursday ahead of a European Central Bank meeting. Investors expect the ECB to increase the size of its 750 billion euro ($840 billion) Pandemic Emergency Purchase Programme to boost the recovery of Europe’s weakest economies. However, some traders think this will happen not today, but at July’s meeting. Adam Cole, the …
Euro fell before the ECB meeting. What about the dollar? Read More »
The U.S. dollar tumbled down against European and Asian currencies on Wednesday. While traders observed mass protests against racism spreading across the United States, the British pound, the yen, and the Swiss franc jumped against the dollar. The U.S. currency plummeted down to 108.47 against the Japanese Yen. And it came to 0.9613 Swiss francs, …
U.S. dollar declined against the other major currencies Read More »
The U.S. dollar declined against several Asian currencies on Wednesday. Investors turned to riskier currencies as prospects of more government stimulus, and a global economic recovery boosted their hopes. The Australian dollar skyrocketed to a five-month high against the dollar, surging forward by more than 1% to $0.6982, its highest point since January 3. Yukio …
Asian currencies rallied along with Euro and Sterling Read More »
Safe-havens fell on Tuesday, while riskier currencies rallied. The Japanese yen lowered by 0.1% versus the dollar to 109.71. The strengthening of the commodity-linked currencies and the weakening of the safe-havens suggests that investors’ appetites were supported for another day – noted Charalambos Pissouros, the senior market analyst at broker JFD Group. Investors expect that …
The Canadian and Australian dollars rallied on Tuesday Read More »
The U.S. dollar declined on Tuesday. It fell to a three-month low of 1.3503 against the Canadian dollar, last trading down by 0.4%. The greenback also dropped down against the Australian dollar, which soared to $0.6852, its highest point since January 24. The dollar index tumbled down against a basket of six major currencies at …
U.S. dollar fell as the optimism is rising on FX markets Read More »
The euro rallied on Monday. It gained 0.4% to $1.1154, before falling back to trade flat at $1.1109. Some strategists recommend buying the euro, with a target of $1.155, as they expect more easing from the European Central Bank at the meeting on Thursday. The Sterling also soared by 0.6%, jumping to a three-week high …
European currencies gained while the U.S. dollar lowered Read More »
The euro briefly reached its highest point since mid-March, on Monday. Riskier currencies, such as the Australian dollar, skyrocketed as investors looked for more signs that the global economy may be through the worst part of the crisis caused by the pandemic. Furthermore, U.S. President Donald Trump hasn’t tried to impose new tariffs on China …
Riskier currencies rallied as the risk sentiment improved Read More »
The Japanese yen jumped against major currencies on Friday. Investors awaited U.S. President Donald Trump’s response to China’s passing of a national security law for Hong Kong. Uncertainty on FX markets caused a boost for safe-haven currencies. However, the U.S. dollar lowered by 0.4% against the Japanese currency, at 107.17 yen. Even though the situation …
Japanese yen soared on Friday. What about other currencies? Read More »
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 …
The Euro hit new high while the British pound declined Read More »
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 …
Euro surged forward on Thursday. What about the U.S. dollar? Read More »
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 …
Asian currencies remain Low. What about the U.S. dollar? Read More »
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 …
Chinese Yuan fell on Wednesday. Market is in a risk-off mood Read More »
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 …
U.S. dollar soared while Chinese Yuan declined on Wednesday Read More »
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