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 »
The forex trading is still in turmoil due to the coronavirus outbreaks worldwide. While the new death cases weren’t reported in China recently, the infection has spread in Italy, South Korea, the Middle East, and now in the U.S. too. Traders fear the results of outbreaks. They avoid the major changes thus far, keeping the …
Euro and Pound Slightly Increase; U.S. Dollar Still Low Read More »
The U.S. dollar lowered again after it steadied slightly on Wednesday. The first coronavirus infection of unknown origin was confirmed in the U.S., causing the dollar’s downfall. The currency fell against the Japanese yen, as well as the Swiss franc on Thursday. Furthermore, the dollar dropped versus the pound and euro after the 10-year U.S. …
U.S. Dollar Drops Against the Swiss Franc and Japanese Yen Read More »
Asian currencies remain low so far, even though China hasn’t reported new cases of the virus. The Chinese yuan fell against the U.S. dollar by 0.1%. The Australian dollar traded against the U.S dollar at 0.6590, dropping by 0.2%. The New Zealand dollar changed insignificantly at 0.6318. The coronavirus outbreak has already caused massive economic …
Asian Currencies Still Low; The U.S. Dollar Hiked Slightly Read More »
The U.S. dollar gained moderately against Asian currencies on Wednesday. So far, it managed to stay high, but the situation may change if the coronavirus spreads in America. However, the CDC believes that it’s only a matter of time. Federal health authorities issued the warning, saying that they expect a wider spread of the coronavirus …
The U.S. Climbs; CDC Expects the Virus Epidemy in the U.S. Read More »
The last months were turbulent due to the coronavirus outbreak. After the initial panic, it seemed that the stock market calmed down for a while, with the risk-off wave weakening. But the new outbreaks in Italy, South Korea, and several Middle Eastern countries started a massive sell-off once again. The Japanese yen, which is one …
Investors move on the safe-haven assets due to pandemic fear Read More »
The Japanese yen is rising again after the short downfall. The currency declined due to bad data about the Japanese economy, as well as its susceptibility to the Chinese epidemy. However, it seems the investors overcame their fears that the infection will spread to Japan too, and decided to use the yen as safe-haven once …
Japanese Yen Rose Against U.S. Dollar Due to Risk-off Wave Read More »
The stock markets suffered severely during the last days. Chinese authorities released new data about coronavirus. Furthermore, South Korea, Iran, and Italy have also reported new cases. The numbers are concerning, and so far, the World Health Organization can’t pinpoint how the virus is spreading so quickly in the countries, which have no apparent links. …
Coronavirus in Europe; Currencies Fell Due to the Risk-off Read More »
The Asian currencies collapsed again after the new data about the coronavirus epidemy. Besides China, Italy, South Korea, and Iran have also reported a sharp increase in infections during the weekend. Most of the cases were in South Korea, with 760 infected, Italy had 150 cases, and Iran 43, so far. The World Health Organization …
Asian currencies in the Red. Dollar in demand once again Read More »
The GBP increased by 0.1% to 1.2894 versus the U.S. dollar after the U.K. retail sales data showed a 0.9% increase in the last month. However, according to the Bank of America, the U.K. government is unlikely to unveil a big increase in fiscal spending in the March 11 budget, so they don’t expect a …
The Pound Rose Moderately while the U.S. Dollar Dropped Read More »
The U.S. dollar index, which tracks the greenback against a basket of other currencies, lowered by 0.1% to 99.727 on Friday. The dollar rallied during the last weeks partly due to its safe-haven status. But also thanks to the recent data, which showed that the U.S. economy stays strong. However, the recent statements about the …
U.S. dollar falls after recent rally. What caused drawback? Read More »
The Chinese yuan steadied at 7.0100 per dollar while the traders awaited additional stimulus from Chinese officials. China took aggressive steps to offset the economic impact of the coronavirus epidemic. However, while such policy helped the Chinese Yuan to strengthen against the dollar in offshore trade, the Japanese yen struggled. It traded at 111.27 per …
The Chinese Yuan Steadies, Japanese Yen still Low Read More »
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