The risk-sensitive currencies, the Australian and New Zealand dollars among them, weakened on Wednesday, as the possibility of new coronavirus outbreaks dampened investors’ optimism. The Aussie stood at $0.6476 at last notice, after hitting Monday’s one-week high of $0.6562. Meanwhile, the New Zealand dollar dropped down by 0.6% to $0.6036. On the other hand, the …
Risk-sensitive currencies fell. What about the U.S. dollar? Read More »
The dollar was subdued against other currencies on Wednesday as traders awaited Federal Reserve Chairman Jerome Powell’s speech. They speculated that the United States could one day adopt negative interest rates. The U.S. currency traded at 107.21 yen in Asian trade. So far, it changed insignificantly after slipping from Tuesday’s peak of 107.76, its highest …
U.S. dollar weakens while traders await Powell’s speech Read More »
The euro fell slightly on Monday. It lowered by 0.1% versus the dollar at $1.0832 after falling in early London trading. As the countries are lifting lockdowns worldwide, traders moved from the safe-haven currencies. Therefore, the Swiss franc declined by around 0.1% at 1.05295 versus the euro. The New Zealand dollar also dropped by 0.2%. …
Euro sank on Monday. How about the safe-haven Swiss franc? Read More »
The Japanese yen weakened on Monday. The risk appetite was boosted by more countries making moves to reopen their economies, causing yen’s fall, even though the coronavirus continues to spread. The safe-haven Japanese currency hit a 10-day low against the U.S. dollar, dropping more than 0.5%. Against a basket of currencies, the dollar climbed up …
Japanese Yen eased back while riskier currencies rallied Read More »
The dollar edged up on Monday as the U.S. and other countries are preparing to reopen their economies. Investors hope for quick global recovery from the crisis caused by coronavirus pandemic. The greenback rose by 0.28% to 106.95 yen in Asia, while it was steady at $1.0839 against the euro. The U.S. currency traded at …
U.S. dollar rose Monday despite negative unemployment data Read More »
Chinese yuan increased by 0.1% to 7.087 against the U.S. dollar an offshore trading on Friday. U.S. and Chinese trade representatives discussed the phase one trade deal and came to an agreement, causing the yuan’s jump. The United States declared that both sides expect obligations to be met, while China agreed to improve the atmosphere …
Chinese Yuan gained against U.S. dollar. What about Aussie? Read More »
The U.S. currency struggled on Friday. The dollar’s index fell by 0.1% at 99.758 against a basket of six other major currencies. According to Ebrahim Rahbari, the chief G10 FX strategist at Citi, the possibility of negative interest rates is slightly bearish for the dollar, given limited market pricing to date, as well as ongoing …
U.S. dollar lowered while Euro and Sterling soared on Friday Read More »
The Japanese yen declined slightly from a near seven-week high against the dollar on Thursday. Investors’ demand for the safe-haven yen reduced due to the optimistic reports about China. Chinese exports soared by 3.5% despite expectations of a 15.7% drop. As a result, the Chinese yuan and the Australian dollar rose. The Aussie gained 0.8% …
Japanese Yen fell due to an Optimistic Forecast about China Read More »
The Euro climbed up slightly after three days of selling on Thursday. It rose to $1.0808, near to the week-and-a-half lows hit a day earlier around $1.0782. Euro has lost more than 1.5% this week. Traders are cautious as a German court ruling is scheduled this week. The European Central Bank’s stimulus scheme partially depends …
Euro slightly recovered while Sterling hit high on Thursday Read More »
The Chinese yuan climbed up on Wednesday, after falling to a month-low 7.0885 per dollar. A few days ago, the U.S. President Donald Trump declared that China is guilty of the coronavirus outbreak. His comments included a threat of fresh tariffs on Chinese goods. Investors are awaiting a response from Beijing and avoiding sharp moves. …
Chinese Yuan edged up, while the Euro collapsed on Wednesday Read More »
The Japanese yen hit a seven-week high against the U.S. dollar and a three-year peak against the Euro on Wednesday. Investors are concerned due to the court decision challenging German participation in Europe’s stimulus program. And the forecasts about the global recovery aren’t very hopeful either. Germany’s highest court gave the European Central Bank three …
Japanese Yen skyrocketed against the U.S. dollar and Euro Read More »
Oil linked currencies gained on Tuesday as the oil prices surged forward. The Australian dollar rose by more than 64 cents to $0.6454. The Reserve Bank of Australia left three-year government bond yields and its targets for the cash rate unchanged at 0.25%, further boosting the Aussie. The Norwegian crown soared as well, along with …
Oil-linked currencies rose on Tuesday. How did Yuan fare? Read More »
The U.S. dollar continued rising on Tuesday due to the investors’ concerns about rising tensions between the United States and China. The dollar climbed up by 0.1% to 99.55 against a basket of its rival currencies. It was near an almost two-week high of 100.83 in late April. The greenback strengthened after U.S. President Donald …
U.S. dollar is still high. What about Euro and Chinese Yuan? Read More »
The U.S. dollar rallied on Monday against most major currencies due to U.S. President Trump accusing China of spreading the virus. Concerned investors bought the dollar. The safe-haven Japanese yen was the only currency that rose versus the greenback, last trading up by 0.2% at 106.71. On the other hand, European currencies declined. The euro …
U.S. dollar hit high on Monday. What about the Euro and Yen? Read More »
The Chinese Yuan was flat at 7.1380 on Monday. However, it collapsed to a six-week low of 7.1555 against the dollar in the offshore market during the last session. If the Yuan declines again, the next levels to watch would be early-September low of 7.1975 or the mid-March low of 7.1651. Investors’ fears that last …
Chinese Yuan still low, while U.S. dollar soared on Monday Read More »
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
