The Japanese Yen declined against the U.S. dollar on Tuesday by 0.69% in Asia. Japanese investors and companies tried to cover the shortage of U.S. currency before end of their fiscal year. But as the global coronavirus crisis has shown no signs of abating, sentiments remained fragile. Tuesday is the end of the quarter for …
Yen fell against U.S. dollar, while Yuan remained steady Read More »
The European currencies fell against the U.S. dollar on Monday. The euro and the sterling lowered from 0.5% to 1% in London trading, ending the recent rallies that followed the Fed’s efforts to soften the demand on the dollar earlier this month. The euro fell by 0.6% to $1.1069, while the sterling slid by 1% …
European Currencies Decline. What about the Aussie and Yuan? Read More »
The U.S. dollar jumped on Monday after the week of declines, rallying against the other major currencies. The authorities tightened lockdowns to fight the pandemic, and investors are bracing for the prolonged crisis. The dollar fell during the last week due to the several measures employed by central banks and governments, which strengthened the other …
Chinese Yuan, Euro and Sterling fell against the U.S. dollar Read More »
The U.S. dollar hit a high in March, rallying due to the investors trying to hoard as much cash as they can. They bought the world’s most liquid currency because it was also considered a safe haven. However, trillions of dollars worth of stimulus efforts by the authorities and central banks helped ease massive sell-offs …
U.S. dollar ended last week in red. What about the Euro? Read More »
The U.S. dollar fell significantly during the last days. Trillions of dollars worth of stimulus efforts by the authorities and central banks helped ease massive sell-offs in global markets. However, today the greenback was on track for its biggest weekly decline in more than a decade. The U.S. currency hit high in March as the …
U.S. dollar is on the verge of the biggest weekly decline Read More »
The euro rose by 0.31% to $1.0912 on Thursday. The currency soared against the Swiss franc, trading at 1.0631. On the other hand, the pound declined by 0.45% to 92.02 pence per euro. The sterling lowered against the dollar, as well as the euro, as the investors worry that Britain is ill-prepared for an increasing …
European Currencies Fluctuated. What About the U.S. Dollar? Read More »
Major currencies fluctuated during the last days. The Australian dollar declined by 0.43% to $0.5934, while the New Zealand dollar fell by 0.24% to $0.5837. Both the Aussie and the kiwi dropped down to multi-year lows earlier this month as panicking investors liquidated positions in favor of holding the greenback in cash deposits. On the …
Aussie Fell while Euro Rose Again. What about the Pound? Read More »
The European currencies rallied on Wednesday. The British pound jumped by 0.6% to a session high of $1.1834, while the euro rose by 0.3% to $1.0819. Several other currencies also showed gains. The New Zealand dollar increased by 1% at $0.5894. Meanwhile, the Australian dollar soared to $0.6047. The Aussie rose over the 60-cent mark …
Euro and Sterling Hit High. What About Other Currencies? Read More »
The U.S. dollar rallied recently as the worldwide economic crisis caused other currencies to fall. Investors tried to get as much cash as they could, as the lockdown due to the coronavirus pandemic continues. As a result, the greenback was in high demand, and it skyrocketed against the basket of currencies. However, the dollar fell …
U.S. Currency Slides Again as Cash Demands Abates Read More »
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 …
The Euro and Pound Skyrocketed. What About the U.S. Dollar? Read More »
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 …
U.S. Dollar Fell After the Rally. What Caused its Downfall? Read More »
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, …
U.S. Dollar Rose Against the European and Asian Currencies Read More »
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 …
U.S. dollar rallies as investors try to get more cash Read More »
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 …
European Currencies Gained Along with U.S. Dollar and Aussie Read More »
The Australian dollar jumped by 3.4% on Friday after tumbling to multi-year lows this week. Analysts warn that it was too early to call an end to the rout. But after the days of selling, the forex market was much calmer today. Almost all currencies, except the U.S. dollar, collapsed this week, after billions of …
Aussie rose on Friday. What about European currencies? Read More »
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