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 …
U.S. Dollar, Japanese Yen and Swiss Franc Continue to Grow Read More »
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 …
Euro, Sterling, and Dollar Remain Stable as Yuan Struggles Read More »
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 …
Yuan Struggles While the Chinese Virus Continues to Rage Read More »
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 …
China’s Virus Outbreak Caused the Yuan to Lose More than 1% Read More »
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, …
ECB’s Policy Remains Unchanged; Dollar Gains Against Euro Read More »
The Chinese yuan wavered on Thursday due to the Chinese virus. It has already killed 17, and nearly 600 people are infected. China locked down Wuhan, which has a population of 11 million people. Experts think that the outbreak originated from an animal market. The yuan traded at 6.9254 midsession. According to Weston, USD/CNH is …
Dollar Rose Against Yuan; Aussie and Yen Hit High Read More »
The Australian dollar was low for some time now, due to the stall in the domestic economy. But it rose from 0.5% to $0.6879 after a nine-month low. Uphill was caused by the jobs data, which showed a surprise drop in unemployment. After a while, the Aussie settled back to $0.6866. Nevertheless, according to the …
Australian Dollar Hits High Along the Yen; Yuan Drops Down Read More »
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 …
Asian Currencies Fell Against The Dollar. Sterling Rise Read More »
The China virus outbreak sent the Asian stock market into a tumble. The yuan declined about 0.55% on Tuesday, reaching the bottom line in the onshore trade in nearly five months. It was trading at 6.9063 per dollar. The Australian dollar also dropped to $0.6827, its lowest point during the last six-week period. But after …
Yen Rises, While the Australian Dollar and Yuan Struggle Read More »
After the last few weeks of turbulence, investors are waiting for the UK Employment and Wage growth data to better assess the situation on the market. They hope that the document will contain valuable tips. Another lead indicator is also on the horizon. The German ZEW Survey for January will be attainable at almost the …
Investors Look Out for UK Employment and Wage Growth Data Read More »
The pneumonia virus outbreak in China, which has led to several deaths, caused its market to waver. The lunar new year is approaching, which usually means the cash influx. But due to the virus, analysts fear that the flow will reduce significantly, which in its stead will influence the market’s growth rate. Chinese stocks have …
Virus Outbreak in China Causes Risk-Off; UK Remains Stable Read More »
The beloved single currency of the bloc struggled to take flight yesterday ahead of Christine Lagarde’s speech. The euro was flat against the greenback on the first half of trading sessions. The EUR to USD exchange rate only was seen inching down only by 0.3% or 0.0003 points in yesterday’s trading session. The pair, however, …
Weak German Data Causes the Single Currency to Flatline Read More »
The dollar was robust on the currency markets on Monday after US economic data signaled a strengthening across the economy. Such strengthening might mean the US Federal Reserve will not have to cut key interest rates. The buck was near a one-week high against the euro at $1.1096. Against the Japanese yen, it was trading …
Currency Markets Mixed on Economic Outlook | WibestBroker Read More »
The dollar did not move much in the fx market early on Thursday. Traders were calm after the signing of the US-China phase one trade deal. The euro was at $1.1155 against the dollar, or 0.1% higher. Over in the United Kingdom, the pound was at $1.3046, or 0.1% higher. Against the yen, the dollar …
The FX market struck a cautious note on Wednesday ahead of the Phase One US-China trade deal signing. The yen, a safe-haven currency, was steady against other currencies. Riskier ones lost slightly, with investors become jittery before the signing. In China, the yuan dropped 0.2% to 6.8942. The Chinese currency has been the most sensitive …
FX Market Cautious Pre-Trade Deal Signing | WibestBroker Read More »
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