Fri, March 29, 2024

Forex

Dollar and other currencies

The Euro and Pound Skyrocketed. What About the U.S. Dollar?

The European currencies rallied in the recent trade after the U.S. dollar fell. The euro soared by 1% to $1.0834, recovering from a near three-year low of $1.0636 in the previous session. The British pound also rose by 0.9% to $1.1650 after falling to its 35-year low of $1.1413 last week. However, Asian currencies stay …

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U.S. Dollar Fell After the Rally. What Caused its Downfall?

U.S. Dollar Fell After the Rally. What Caused its Downfall?

The dollar collapsed on Tuesday after the U.S. Federal Reserve announced new measures to supply precious liquidity into funding markets and sending risky currencies such as the Australian dollar soaring. The Fed made a declaration of unlimited quantitative easing and programs to support credit markets on Monday. The agency is trying to backstop an economy …

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U.S. Dollar Rose Against the European and Asian Currencies

U.S. Dollar Rose Against the European and Asian Currencies

The U.S. dollar skyrocketed against major European and Asian currencies on Monday, as well as many emerging market currencies. Yukio Ishizuki, the FX strategist at Daiwa Securities in Tokyo, noted that investors have moved from risk-off. However, they are now competing with each other for the safety of holding dollars in cash. According to Ishizuki, …

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investment - U.S. dollar rallies as investors try to get more cash

U.S. dollar rallies as investors try to get more cash

The U.S. dollar hit high against major currencies on Monday. Investors’ worries about tightening liquidity and recent declines in global stocks amidst the worsening coronavirus crisis accelerated their flight to cash. As a result, the U.S. currency soared against sterling toward its highest point since 1985, rising by 0.45% to $1.1671. It has also skyrocketed …

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European Currencies Gained Along with U.S. Dollar and Aussie

European Currencies Gained Along with U.S. Dollar and Aussie

The euro rose more than 1% to $1.0832 on Friday, after the volatile trading week. However, gauges of expected market swings for a month in the euro lowered a little. Currency swap spreads also eased where most of the funding pressure in dollar markets was evident. Stuart Oakley, a Singapore-based executive with Nomura, noted that …

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Euro Rose Against the U.S. Dollar; What About Sterling?

Euro Rose Against the U.S. Dollar; What About Sterling?

The euro rose briefly versus the dollar and the pound on Thursday. The currency began gaining after the European Central Bank announced a 750 billion euro asset-purchase program in response to the coronavirus outbreak. The sterling, on the other hand, plummeted near to its lowest point since at least 1985 against the U.S. dollar. The …

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Major Currencies Fluctuate; Investors Moving on Cash

Major Currencies Fluctuate; Investors Moving on Cash

The forex market remains turbulent due to the economic downfall caused by the pandemic. The U.S. dollar began rising against the major currencies on Thursday. Investors are moving on the cash because of wild financial market volatility, worrying over tightening liquidity. Investors are trading everything they can to keep their money in dollars as the …

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The Euro Fluctuates; What about Aussie and Other Currencies?

The Euro Fluctuates; What about Aussie and Other Currencies?

The euro was weaker against a basket of currencies on Wednesday. It lowered at 99.289 versus the dollar. Furthermore, the currency fluctuated between flat and a little firmer at $1.1021. Investors have been trying to get a sense of the demand for the dollar by observing volatility in the U.S. Treasury market. The yield on …

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U.S. Dollar Lowers Again While Pound and Yen Rise Moderately

U.S. Dollar Lowers Again While Pound and Yen Rise Moderately

The U.S. dollar fell insignificantly on Wednesday after the central bank took measures to ease some of the funding squeezes. However, the currency managed to retain most of the gains from the overnight when it hit high due to the mounting fears about the fallout from the coronavirus crisis. As the pandemic spreads, lots of …

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Euro and Aussie Declined. What About the U.S. Dollar?

Euro and Aussie Declined. What About the U.S. Dollar?

European currencies lowered during the last days. The euro fell by 0.5% to $1.1130 on Tuesday. The sterling also dropped down to its weakest point since September, declining by 0.6% at $1.2192. Analysts think that trading had been relatively orderly on the forex markets despite the large moves and poor liquidity. However, volatility has doubled …

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The U.S. Dollar Recovers After The Fall Down on Monday

The U.S. dollar rose again on Tuesday, rebounding versus the Japanese yen and hitting new highs against riskier currencies. It seems, traders chose the most liquid currency amidst very fragile sentiment. Investors are very concerned as the market liquidity was tight and coordinated moves by central banks failed to subdue anxiety about the coronavirus pandemic. …

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The Chinese Yuan rose slightly against the U.S. Dollar

The Chinese Yuan rose slightly against the U.S. Dollar

The Chinese Yuan rose slightly after the dollar fell again. The yuan traded at 7.0131 per dollar in the offshore market, as bulls awaited key Chinese economic data. China planned to release several important economic indicators that should reveal the scale of damage caused by the coronavirus late on Monday. Meanwhile, the Reserve Bank of …

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U.S. dollar fell against Yen and Euro due to Fed rate cut

U.S. dollar fell against Yen and Euro due to Fed rate cut

The U.S. dollar declined against a whole basket of currencies on Monday after the U.S. Federal Reserve made another surprise interest rate cut. Major central banks also took steps to relieve the shortage of dollars in financial markets, serving as another catalyst. The dollar dropped by 1.5% to 106.35 yen early on Monday in reaction …

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