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 »
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 …
Several Asian currencies rallied due to riskier sentiment Read More »
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 …
U.S. dollar declined. What about other currencies? Read More »
The dollar climbed up against most Asian currencies on Monday. The demand for safe-haven currencies continues due to an argument between the U.S. and China over civil liberties in Hong Kong. The greenback traded at $1.0895 against the Euro in Asia, close to its strongest point in a week. It was also close to a …
Sterling is under pressure. Safe-havens remain in demand Read More »
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 …
Safe-haven demand increased on Friday. U.S. dollar soared Read More »
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 …
U.S. dollar hit high as the tensions with China escalated Read More »
The euro skyrocketed to its highest point in three weeks. It traded at $1.0975 in Asia on Thursday. Emerging market currencies jumped as well, while the Swiss franc and Chinese Yuan both hit their highest points in weeks. However, the British pound stays under pressure due to inflation data. Traders argued about the Bank of …
Euro hit high on Thursday while the U.S. dollar declined Read More »
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. …
U.S. dollar declined while riskier currencies hit high Read More »
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, …
U.S. dollar remains low. Risk aversion on FX markets Read More »
The Euro climbed up by 0.18% to $1.0945 on Wednesday, near the two-week high of $1.09755 reached on Tuesday. If the currency surpasses that point, it could open the way for a test of a new high of $1.1019, which it reached on May 1. However, the moves were insignificant and within recent ranges because …
The Euro gained on Wednesday. Why did currency rally? Read More »
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 …
Asian currencies hit high. What about the U.S. dollar? Read More »
The dollar rebounded against major currencies on Tuesday as promising results from the trial for a vaccine for coronavirus improved sentiments in the market. Riskier assets, as well as currencies linked to commodities, rallied as well. This occurred most likely because of the oil price surge forward over the last few days. Junichi Ishikawa, the …
U.S. dollar rallied due to the promising news about vaccine Read More »
The British pound hit an almost two-month low on Monday due to speculation about negative interest rates. After a week of deadlocks with the EU over a post-Brexit trade deal, the sterling traded by 0.1% to $1.2091 at last. On Saturday, the Bank of England’s chief economist considered negative interest rates, causing the currency’s further …
The pound collapsed on Monday. What caused its decline? Read More »
The U.S. dollar was stable on Monday. This is despite concerns about global tensions with China overshadowing improving sentiment from easing restrictions. The currency firmed slightly against the Japanese yen, at 107.25 yen per Dollar, as Japan fell into recession. Against the majority of other Asian currencies, the greenback remained steady at 100.380 after hefty …
The Dollar remains steady as U.S.-China tensions escalate Read More »
The euro collapsed on Friday. It traded at $1.0840 by the end of the session. The currency reached an almost five-year low versus the Swiss franc, at 1.502 francs, due to the crisis. The British pound was also under pressure, trading at $1.2221. It plummeted down to a five-week low of $1.2161 overnight. The currency’s …
European currencies declined on Friday. What about others? Read More »
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