The U.S. dollar rebounded after the last few weeks lows on Tuesday. It traded at record lows against the Japanese Yen and other currencies before. However, the dollar rose by 0.2% to 95.613 against a basket of currencies. It rallied against the yen at 104.28, increasing by 1.9%, which is considerably high than Monday’s 101.18 …
U.S. Dollar Recovered But What About Japanese Yen? Read More »
The last days were very turbulent for stocks, equities, and currencies. Most of them plummeted down after the pandemic fear caused panic in investors and traders. The markets ended the last session in the red. The investors hit the risk-off currencies once more. As a result, the Japanese yen soared, hitting new highs. The currency …
Yen and Euro Skyrocketed. What About Other Currencies? Read More »
The Japanese yen skyrocketed during the last days. The currency rose by 9.4% in a dozen trading days. And it is climbing to its largest three-day gain since the 2008 financial crisis. However, it’s not good news for policymakers in Japan. The exporters are also concerned, observing the trade closely. Meanwhile, the Australian Dollar fell …
Japanese Yen hit three-days high. U.S. Dollar remains low Read More »
The yen rose against the U.S. dollar recently. The greenback reached a five-month low versus the Japanese currency, last trading lower by 0.7% at 106.81. Meanwhile, China reported a rise in new infections on Thursday. Italy closed its schools and restricted the rules to prevent the disease. California also declared a state of emergency as …
Yen gained against the U.S. Dollar, while Sterling soared Read More »
The U.S. dollar declined on Thursday after the short rebound on Wednesday. The traders expect that the Federal Reserve will cut interest rates further, which caused the currency’s downfall. The Fed has already cut rates by 50 basis points this week in an emergency move to save the economy from the effects of coronavirus. The …
U.S. dollar falls after the short rebound. What about Yen? Read More »
The euro dropped by 0.31% at $1.1136 on Wednesday after its recent rally. According to Stephen Innes, the chief market strategist at AxiCorp, the ECB’s imminent cut caused the currency’s downfall. Forex markets in the eurozone are pricing a 90% chance that the European Central Bank will cut its deposit rate, now minus 0.50%, by …
Euro fell after the last weeks’ rally; The U.S. dollar soars Read More »
The U.S. dollar increased again after the turbulent last weeks. Before it rose against a basket of currencies on Wednesday, the dollar fell to an eight-week low after the U.S. Federal Reserve cut an emergency interest rate in the previous session. However, the dollar index increased by 0.24% at 97.365. It lowered to its weakest …
The U.S. dollar gains after eight-week low while Euro falls Read More »
The euro gained significantly after bulls traded the U.S. dollar after the coronavirus spread in America. The currency was last up to $1.1158. Before that, it reached its two-month high on Tuesday. Meanwhile, the sterling lowered against the euro. It bought $1.2819. The euro was traded versus the sterling at 87.07 pence. This point is …
Euro and Yuan hit high; the Yen rose against the U.S. Dollar Read More »
The Chinese yuan hit a six-week high of 6.9288 per dollar in the onshore market. The currency managed to rise despite the bad data about China’s services sector. According to the new report, the sector dropped down to its weakest point in February. Such numbers are the result of coronavirus’ impact on the country’s economy. …
Chinese Yuan Gains while the U.S. Dollar Continues Downfall Read More »
Safe-haven currencies rallied again after the coronavirus’ new cases were reported in the U.S. The Euro skyrocketed to its one-month high of $1.1074. It last stood at $1.1050 in Asia, up 0.3% after increasing by 1.7% last week. It’s the Euro’s largest gain in two years. The Swiss franc also hit a 1-1/2-year high of …
Some Safe-haven currencies skyrocketed. What about Dollar? Read More »
The U.S. dollar fell after U.S. authorities confirmed the first case of the coronavirus with a citizen who hadn’t any exposure to the infection. However, more cases were reported since then, which undermined the perceived strength of the U.S. economy. As a result, it boosted the euro and other major currencies against the dollar. Washington …
Yen and Euro Soar Against U.S. Dollar; Swiss Franc Hit High Read More »
The Australian dollar to fall by 1.07% to $0.650, reaching its lowest point in 11 years. The currency’s downfall was due to the traders selling currencies closely associated with a possible recession. The U.S. dollar index has also dropped by 0.093% to 98.349. The dollar fell against the pound by 0.79% to 1.278. On the …
Australian dollar still low. What about Euro and Dollar? Read More »
The Japanese yen skyrocketed last week, hitting a seven-week high against the U.S. dollar. The investors returned to their risk-off tactics again, while the pandemic fears amounted as the coronavirus is spreading worldwide. The currency was on track for its largest daily gain since May 2017, after the virus was confirmed in the U.S. That’s …
The Japanese Yen Hit the Seven Week High Against the Dollar Read More »
Investors are moving to safe-haven currencies as the coronavirus is spreading worldwide. After the infection broke out in Europe, South Korea, and the U.S., the stock markets went into turmoil. The futures and equities collapsed around the globe. The virus turned the markets upside down – noted Marc-André Fongern, head of FX research at Fongern …
Euro and Yen Hit High; Safe-Haven Currencies in Demand Read More »
The Japanese Yen skyrocketed during the last days after the short downfall. It reached 108.51 against the dollar, trading by 0.8% higher last. It seems, yen regained its safe-haven status after the coronavirus spread in Europe and South Korea, and now in the U.S. too. Marc-André Fongern, head of FX research at Fongern Global Forex, …
The Yen surges forward. Euro-dollar volatility hits high Read More »
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