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 »
Safe-haven currencies were in demand on Wednesday. The Japanese yen increased slightly versus the British pound to $1.2321, as well as the euro to $1.0878. Furthermore, the yen rose against the dollar by 0.1%. The U.S. currency traded lower to 108.55 yen by the end. The Japanese authorities issued a new policy to slow down …
The demand for safe-haven currencies rose on Wednesday Read More »
The U.S. dollar edged up on Wednesday after declining on Tuesday. Investors returned to safe-haven currencies, causing the greenback to rally against most majors after suffering its worst fall against a basket of currencies in almost two weeks. At first, safe-haven gains were slight, but they increased in morning trade as the two-day rally in …
U.S. Dollar soared after a short decline. What about Yen? Read More »
The U.S. dollar fell by 0.7% against a basket of currencies on Wednesday, as the European shares rallied the second day in a row and risk sentiment improved across equity markets. Furthermore, the greenback declined against the yen by 0.1% as Japanese Prime Minister Shinzo Abe issued a state of emergency on Tuesday to …
European and Asian currencies rallied while Dollar declined Read More »
European currencies rallied on Tuesday. The euro increased by 0.8%, the last trading at $1.08835. The Sterling also skyrocketed. Even though traders awaited news about the British Prime Minister Boris Johnson, who is fighting his worsening case of coronavirus in intensive care. While the analysts are concerned about Jonson’s condition, they think that the government’s …
Euro and Sterling rallied along with Asian currencies Read More »
Most of the Asian currencies rallied on Tuesday. The Chinese yuan hit a 1-1/2-week high against the U.S. dollar. Recent signs of the coronavirus outbreak receding in China boosted the currency. The Australian dollar also gained 1% against the greenback, and the New Zealand dollar increased by 0.9%. On the other hand, the Japanese yen …
Yuan hits high while Yen falls due to coronavirus fears Read More »
The U.S. dollar declined against the Japanese currency by 0.43% to 108.76 yen on Tuesday as concerns about the economic crisis wrought by the coronavirus pandemic kept many investors on edge. The greenback also fell against the other currencies. It lowered by 0.33% to 0.9753 against the Swiss franc and dropped down to $1.0837 against …
U.S. dollar declined. What about Asian currencies? Read More »
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