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 »
The Japanese Yen traded at 111.27 per dollar in Asia on Thursday. It dropped to its lowest record since May 2019. Moreover, the currency fell by 1.3% on Wednesday before trading near a nine-month low against the U.S. dollar. China’s aggressive steps to offset the economic impact of the coronavirus epidemy caused such a downfall. …
The Japanese Yen drops as the safe-haven demand subsides Read More »
The Australian dollar and the New Zealand dollar fell by roughly 5% against the dollar. Such a downfall was caused by their close exposure to China, which is their main trading partner. The country is trying to resume working, but so far, the coronavirus’s impact on it very strong, causing the near paralysis of its …
Aussie and New Zealand dollar fell against the U.S. dollar Read More »
The major currencies continue to downfall. The U.S. dollar is only one so far, which managed to stay steady. During the last week, currencies fell sharply, mostly due to the coronavirus outbreak and its influence on the global economy. But there was also Brexit, new data from Germany and Japan, both of them showing an …
U.S. Dollar Rallies While the Other Currencies Tumble Down Read More »
The Japanese Yen increased steadily over the last weeks, due to its safe-haven status. But after the new data showed the Japanese economy’s decline, the yen fell. It managed to hold steady in a narrow range at 109.74 per dollar but may lower further in the coming days. The Australian dollar fell 0.39% to $0.6690 …
Yen and Aussie Collapse, Sterling and Euro also Down Read More »
The Euro plummeted down against the U.S dollar on Tuesday, reaching its three-year low. Such a downfall was due to weak manufacturing and gross domestic product data from Germany. It seems that the eurozone is more vulnerable to external shocks than analysts claimed. Junichi Ishikawa, the senior foreign-exchange strategist at IG Securities in Tokyo, stated …
The Euro fell with the Sterling; Asian currencies crumble Read More »
