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 »
Riskier currencies rallied along with the Euro at the end of the last week, after a small drawback during the previous days. The Australian dollar jumped to $0.6947, striking a five-month high of $0.6987 on Thursday. The Hong Kong dollar also increased to 7.7500 per U.S. dollar. The greenback traded at 109.11 against the yen, …
Riskier currencies surged forward while U.S. dollar fell Read More »
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 »
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