Thu, March 28, 2024

Forex

Dollar is spiraling down after the last two weeks of high

Dollar is spiraling down after the last two weeks of high

The U.S. dollar has been oscillating during the last few weeks. Mostly it was rising due to the china virus outbreak and its status as a safe-haven asset. However, this rise changed into a downfall after the last day’s events. Fed’s message was released, which was consistent with tolerance for higher inflation. As inflation causes …

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China and coronavirus pandemic

China’s Economic Growth May Drop to 5% or Lower

The Chinese outbreak caused Chinese stocks to collapse. Traders began to move on to safe-haven stocks, such as Japanese and U.S. futures, using risk-off tactics. During the last weeks, the stock market constantly fluctuated, shares rising or falling depending on the virus’s progress. The Chinese yuan and Australian dollar suffered the most, though U.S. futures …

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The Asian Futures Rise Again After the Sell-off

The Asian Futures Rise Again After the Sell-off on Market

The Asian stocks began to collapse after the Chinese virus outbreak caused investors to move on to the risk-off futures. China’s futures suffered the most, as the virus originated from Wuhan, its 11-million city. One the other hand, the Japanese yen, and Swiss franc rallied, as these stocks are perceived as safe-havens. It seems the …

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The Risk-off Wave Slows Down as China Virus Fear Subsides

The Risk-off Wave Slows Down as China Virus Fear Subsides

The Chinese virus outbreak caused the investors to move on to the risk-off futures. This is as a significant part of the Asian market began to collapse. China stocks suffered the most, as the virus originated from Wuhan, its 11-million city. Meanwhile, the Japanese yen and Swiss franc skyrocketed, as these stocks are perceived as …

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The Australian Dollar Hit Its Lowest Record Since December

The Australian Dollar Hit Its Lowest Record Since December

Financial markets closed for holidays in China, Australia, Singapore, and Hong Kong. China’s futures continue their downfall. Traders noted that low liquidity caused by the Chinese virus outbreak worsens the situation further. The Chinese yuan collapsed after its five-month high, with the U.S. dollar gaining more than 2% against it. The Australian dollar also declined …

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U.S. Dollar, Japanese yen and Swiss franc continue to grow

U.S. Dollar, Japanese Yen and Swiss Franc Continue to Grow

The investors rely on the U.S. Dollar and Japanese Yen as the safe-haven assets. The demand for these currencies is growing due to the China virus outbreak. As a result, the dollar, yen, and the Swiss franc increased on Monday, while the offshore yuan declined. The Chinese currency began its downfall after the coronavirus spread …

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Euro, Sterling, and Dollar Remain Stable as Yuan Struggles

Euro, Sterling, and Dollar Remain Stable as Yuan Struggles

The European currencies remained mostly stable as the traders were awaiting the results of two central bank meetings. They were also looking out for the release of economic data. Meanwhile, the dollar moved slightly against a basket of six major currencies at 97.881. The pound changed a little at $1.3060 on the dollar, and 84.46 …

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Yuan struggles while the Chinese virus continues to rage

Yuan Struggles While the Chinese Virus Continues to Rage

The Chinese yuan dropped again in offshore trade, reaching its lowest level in three weeks. The virus outbreak continues, causing the stock market to fluctuate. Chinese authorities are trying to contain the virus. As they issued, the Lunar New Year’s holidays will continue for three more days. Hong Kong has banned the entry of travelers …

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China’s Virus Outbreak Caused the Yuan to Lose More than 1%

China’s Virus Outbreak Caused the Yuan to Lose More than 1%

The coronavirus outbreak continues in China. The authorities locked down Wuhan with a population of 11 million. The government thinks that the virus originated from the city’s animal market. The virus has already killed 17 people. As the concern escalates, yuan is plunging low. So far, the dollar gained 0.36% against the offshore Chinese yuan …

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ECB’s Policy Remains Unchanged; Dollar Gains Against Euro

ECB’s Policy Remains Unchanged; Dollar Gains Against Euro

European Central Bank left its interest rates the same on Thursday. ECB rate-setters continue buying bonds, also contemplating to cut interest rates until price growth in the eurozone heads back to their goal. During the last several years, the Central Bank did not manage to keep inflation just under 2%, even though the former President, …

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Australian Dollar Hits High Along the Yen; Yuan Drops Down

Asian Currencies Fell Against The Dollar. Sterling Rise

The Asian currencies fell due to the China virus outbreak. It has spread from central China, encasing Shanghai and Beijing and killing six people. During the last days, the patients’ number almost tripled. The coronavirus has already reached other countries, including America, causing the U.S. stock downfall. Experts fear that this virus can prove as …

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