The Chinese Yuan plummeted down to a one-month low against the U.S. dollar on Friday. The currency dropped down by 0.7% to 7.1350 versus the greenback in the offshore market, reaching its lowest point since April 2nd. U.S. President, Donald Trump’s, accusation to China about mishandling the outbreak of the novel coronavirus caused the Yuan’s …
Yuan declined as Trump threatened with retribution for virus Read More »
The dollar fell on Thursday after the Fed announced that more monetary easing is possible. Investors fear that a fast economic recovery from the crisis won’t be the case. Still, the pandemic is receding in other countries and demand weakened for safe-haven currencies, the dollar among them. The U.S. currency was little changed at 0.9744 …
Dollar and Euro declined. What about riskier currencies? Read More »
The Chinese Yuan hit a two-week high on Thursday. The currency skyrocketed to a two-week high of 7.0534 per dollar in the onshore market. Its rally was caused by new data showing factory activity in China had expanded for a second month straight in April. It seems the world’s second-largest economy is starting to recover …
Asian currencies surged forward. How about U.S. Dollar? Read More »
The Australian dollar soared against the U.S. dollar on Wednesday, rising by 0.4% at $0.65200. It seems oil-linked currencies are gaining once more. JFD Group’s senior market analyst, Charalambos Pissouros, noted that the weakening of the greenback, as well as the strengthening of the commodity-linked currencies, suggests that risk appetite may have stayed supported for …
Aussie rose against the greenback. What about the Euro? Read More »
The dollar dropped by 0.2% to 99.73 against the basket of currencies on Wednesday. It almost reached two-week lows against its rivals while the high-yielding currencies soared as the governments are partially lifting coronavirus lockdowns. Currency markets have been in wait-and-watch mode lately as traders lookout for the results of a U.S. Federal Reserve meeting …
U.S. dollar fell sharply; How about oil-linked currencies? Read More »
The U.S. dollar fell against a basket of currencies on Tuesday, dropping by 0.5% to 99.970, its lowest point in a week. It lowered versus the Japanese currency as well, trading at 106.705 yen. Traders have a lot to watch for this week, the EU meeting’s outcome is probably the most important of all. European …
U.S. Dollar declined sharply, while the Euro rose on Tuesday Read More »
The Swedish crown soared against the U.S. dollar and euro on Tuesday. The currency rose by 1.2% versus the greenback to 9.911, reaching a two-week high. And it climbed up by 0.6% against the euro to 10.7905, its highest point since mid-March. The central bank held interest rates steady. This, combined with stimulus measures issued …
Swedish crown climbed up against U.S. Dollar and Euro Read More »
The major currencies fluctuated on Monday. The sterling traded at 87.20 pence against the euro. It jumped against the dollar and the euro due to the reports that Britain may ease its lockdown this week. Moreover, Prime Minister Boris Johnson is also returning to work after recovering from the COVID-19 infection. Meanwhile, an EU meeting …
Pound soared against U.S. Dollar and Euro. What about Yen? Read More »
The yen soared on Monday after the Bank of Japan boosted stimulus to help companies hit by the pandemic. The traders expected the BOJ’s decision to increase corporate debt buying and remove limits on its government bond purchases. Other major central banks have also released unprecedented amounts of monetary support to fight the crisis. The …
Japanese Yen jumped as the BOJ decided to boost stimulus Read More »
The dollar hit a four-day high last week. It has seen its biggest weekly rise since early April. The historic collapse in oil prices partly caused such success, but the dollar’s safe-haven appeal receded as oil prices stabilized. It ended the rally on Friday. However, concerns about the Euro kept the currency afloat. Meanwhile, several …
U.S. dollar declined along with several Asian currencies Read More »
The Euro fluctuated on Friday. It fell by 0.4% against the U.S. dollar to a one-month low at $1.07275. Furthermore, the currency dropped to a three-year low against the Japanese yen at 115.55 yen. While the Euro recovered shortly and edged into positive territory in late trading, traders remain cautious. The Euro’s struggles are mostly …
Euro fluctuated on Friday as EU meeting disappointed traders Read More »
The dollar declined against the oil-linked currencies on Thursday as the crude oil prices rebounded after the collapse. The U.S. currency fell by 0.7% to 10.6894 against the Norwegian crown. And the greenback lowered by 0.8% to 75.38 versus Russian rubles on Thursday. Furthermore, the dollar dropped down against the Canadian dollar to C$1.4134, following …
U.S. Dollar declined on Thursday. What about Aussie and Yen? Read More »
The euro was steady against the greenback and the pound on Thursday. It traded at $1.0828 versus the dollar and at 87.62 pence against the pound. Meanwhile, traders are watching closely for a meeting of European Union officials later on Thursday. They plan to discuss the bloc’s response to the economic turmoil caused by the …
Euro was steady against Dollar and Pound. How about the Yen? Read More »
Oil-linked currencies edged up slightly on Wednesday after they collapsed on Tuesday’s session. The Canadian dollar rose by 0.5% against the dollar yesterday. The Australian dollar gained more, rising by 0.8% after a record surge in retail sales last month. The recovery in U.S. crude CLc1 moved it out of the negative territory, but it’s …
Oil-linked currencies rose slightly. What about U.S. dollar? Read More »
The U.S. dollar slid slightly on Wednesday after its rally in the previous day. However, the safe-haven currency remained in demand due to the plunge of oil prices. The dollar lowered by 0.2% against a basket of currencies. But it was still up roughly by 0.4% this week as investors sought safety amidst the market’s …
U.S. dollar declined while oil-linked currencies edged up Read More »
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