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 »
The dollar surged forward on Tuesday against most major currencies due to its safe-haven status. There were several reasons for the U.S. currencies increase. Along with the coronavirus uncertainty, the news about the critical condition of North Korea’s dictator influenced currencies. The Japanese yen also soared, so much so, that the dollar dropped against it …
The U.S. dollar rose while oil-linked currencies declined Read More »
Oil-linked currencies plummeted down on Tuesday. This was after the U.S. crude oil futures collapsed into negative territory for the first time on Monday. The Norwegian crown and the Canadian dollar suffered the most, along with the Swedish crown, which is very sensitive to global economic stability. The Norwegian crown fell by 0.7% at 10.51 …
Oil-linked currencies collapsed due to oil prices’ downfall Read More »
European currencies fell slightly on Monday as the investors bought the safe-haven U.S. dollar. The euro dropped down by 0.2% at $1.0858, and the pound declined to $1.2477. The dollar also strengthened against the Japanese yen by 0.2% to 107.77 yen. The U.S. state governors have argued with President Donald Trump over the coronavirus testing …
European currencies declined. What about the Yen and Aussie? Read More »
The riskier currencies rallied during the last days. However, investors expect some dire news soon, which caused the dollar to strengthen once more against the other currencies. The governments around the globe are preparing for economic re-start, but traders fear that it will be a long and painful process. As a result, the risk-sensitive Australian …
U.S. dollar strengthened on Monday. What about Euro and Yen? Read More »
The Australian dollar lowered by 0.4% to $0.6293 on Thursday, reversing earlier gains. The New Zealand dollar also fell by 0.6% to $0.5961 after the Reserve Bank of New Zealand Governor Adrian Orr said that they still contemplated negative interest rates. The oil prices collapsed, and oil-producing countries’ currencies fell along with it. The Canadian …
Aussie and New Zealand Dollar Fell. What About U.S. Dollar? Read More »
The U.S. dollar rebounded later on Wednesday due to the growing concerns that the damage to the global economy from the pandemic will be longer than anticipated. As a result, the safe-haven greenback strengthened. The dollar recovered from early lows hit in Asian trading. It climbed up 0.5% at 99.40 against a basket of other …
U.S. dollar recovered on Wednesday due to safe-haven status Read More »
The U.S. currency fell on Wednesday as the investors cautiously moved onto riskier currencies. The dollar has been under pressure since the Federal Reserve executed heavy measures to boost its supply. The greenback fell by 0.16% to 107.05 yen, and it has lowered to $1.0994 per euro for a short period. However, the dollar managed …
The U.S. dollar declined. What about the Chinese Yuan? Read More »
Pressure on the Chinese yuan eased after the People’s Bank of China cut the interest rate on its medium-term funding for financial institutions to a record low. The yuan fell to 7.0560 per dollar in the onshore market. The analysts expect that China’s central bank will lower the country’s benchmark loan prime rate to bring …
Asian currencies have declined. What about the U.S. dollar? Read More »
European currencies rose on Tuesday. The euro climbed up by 0.2% to $1.0932. The Sterling also surged forward by 0.5%, reaching $1.2575, its highest point since March 13. The pound had been closely linked to the performance of the equity market during the previous weeks. Meanwhile, the Japanese yen rose by 0.1% against the greenback …
European currencies edged up while the U.S. dollar declined Read More »
The U.S. dollar declined on Tuesday due to new financial data from China, which proved much better than investors expected. It seems the country is rebounding rapidly after the coronavirus pandemic passed its peak in China. The country’s March exports decreased by 6.6% from a year earlier, while the forecast was a 14% drop. Meanwhile, …
The U.S. dollar fell due to good Chinese economic data Read More »
The commodity currencies declined against their safe-haven rivals such as the U.S. dollar and the yen on Monday. The Australian dollar fell by 0.17% to $0.6338, pulling back from a four-week high. Meanwhile, the New Zealand dollar declined by 0.21% to $0.6072. The record output cut agreed by OPEC, as well as other oil-producing nations, …
The U.S. dollar gained against commodity currencies Read More »
The Japanese yen rose by 0.33% to 108.15 per dollar in Asia on Monday. It also soared by more than 0.4% versus the Australian and New Zealand currencies. The yen is often sought as a safe-haven during times of economic stress because of Japan’s current account surplus. The Chinese yuan traded at 7.0424 per dollar …
Safe-haven currencies gain against the commodity currencies Read More »
Major currencies fluctuated during Friday’s trading session. The pound rose against the U.S. dollar and the euro. It held steady at $1.2465 on Friday, heading for a 1.6% gain this week. The sterling strengthened after British Prime Minister Boris Johnson left intensive care following his hospitalization for coronavirus symptoms. Meanwhile, an agreement between Saudi Arabia and …
Pound rose against U.S. dollar and euro. What about Aussie? Read More »
The U.S. dollar was on track for a weekly loss on Friday’s trading due to the Fed’s new program. U.S. Federal Reserve announced its massive lending scheme to help small companies. Signs of a slowdown in coronavirus infections also reduced safe-haven demand and weakened the dollar. The Fed issued a $2.3 trillion program to offer …
U.S. dollar wavered on Friday while the Pound strengthened Read More »
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