The dollar rose on Tuesday morning in Asia’s forex exchange, despite edging closer to three-week lows. Some investors continue to hold onto hopes of large U.S. stimulus measures. They expect to prop up the COVID-19 ravaged economy after the presidential election on Nov. 3. Nikko Securities chief currency and foreign bond strategist Makoto Noji said …
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The dollar rose on Monday morning in Asian forex exchange. Talks over the latest stimulus measures in the U.S. were struggling. The yuan plunged after the Chinese central bank announced measures to curb the currency’s strength. The U.S. Dollar Index climbed 0.10% to 93.108 rebounding from Friday’s losses, its biggest in six weeks. Forex investors …
Dollar Rises as U.S. Stimulus Talks Stall | Wibest Broker Read More »
The U.S. dollar gained against most currencies on Wednesday after U.S. President Donald Trump postponed talks on economic stimulus with Democrat lawmakers. Investors’ demand for safe-haven assets grew after Trump commented on Twitter about the stimulus. FX market had a few turbulent sessions since President tested positive on Covid-19. After Trump returned to the …
U.S. dollar soared Wednesday as Trump postponed new stimulus Read More »
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The dollar remained steady against a basket of currencies on Tuesday. Investors waited for the first U.S. presidential debate while simultaneously tracking developments on the U.S. stimulus bill. The dollar index remained unchanged at 94.209, lowering from a two-month high of 94.745 reached last week. Stock markets made solid gains partly on positive China …
U.S. dollar steadied while the Aussie and the Kiwi gained Read More »
The Antipodean currencies declined slightly at the beginning of Friday’s session. Traders were worried after a sell-off in U.S. tech shares hit Asian stocks. However, the Australian dollar steadied at $0.7272 later on Friday. New data about local retail sales accelerating in July helped the currency. Meanwhile, the New Zealand dollar recovered some losses, last trading at …
The Aussie dollar was steady on Friday. What about the Kiwi? Read More »
The Japanese yen stayed in a narrow range on Tuesday while politicians tried to choose a new premier. After Prime Minister Shinzo Abe’s shock resignation last week, there has been turmoil in Japan. On the other hand, several off-risk currencies strengthened. The New Zealand dollar traded at $0.6740, near its strongest point in two years. …
The Australian and New Zealand dollars rallied on Tuesday Read More »
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Riskier currencies mostly rallied during the last few weeks as the U.S. dollar weakened. However, the greenback began recovering on Thursday, and several other currencies lowered against it. The Australian and New Zealand dollars rallied overnight, but they plummeted down on Thursday. The Aussie traded at $0.71905, lower by 0.1%. The New Zealand dollar …
Australian and New Zealand dollars lowered on Thursday Read More »
The euro will end the month with a quiet yet significant bang. The European Union’s common currency will record its best monthly gain, at 4.7%. Although falling by 0.34 percent, it settled at 1.1752 per USD on Thursday. This is due to the drop in the European stock market driven by lukewarm revenues in the …
The Australian dollar tumbled down from a 15-month peak, lowering to $0.715. The New Zealand dollar traded at $0.6678, slightly below from Wednesday’s six-month high. The forex market is still trying to ascertain whether the jump in geopolitical tension will be enough to derail the positive vibes – stated Rodrigo Catril, the senior FX strategist …
Australian dollar declined along with New Zealand dollar Read More »
The euro held on to its gains against the dollar and the pound on Tuesday. This is while traders awaited data on German investor sentiment. They were trying to better gauge the pace of Europe’s recovery from the pandemic crisis. The euro stood at $1.1346, and it traded at 90.36 pence against the pound. Thus, …
Euro maintained its gains while the Aussie and Kiwi fell Read More »
The euro edged up by 0.25% to $1.1329 on Monday, maintaining its slow climb since late last month. Meanwhile, the British pound soared by 0.3% to $1.2656, edging near its three-week high of $1.2668 touched last week. Riskier currencies gained as well. The Chinese yuan grew by 0.15% to 6.9987 per dollar in early trade, while …
European currencies rose along with Chinese Yuan and Aussie Read More »
The Chinese yuan was stable at 7.0176 in onshore trading on Wednesday, stopping a two-day rally. Meanwhile, the Australian dollar traded flat at $0.6944. After Australia’s second-biggest city, Melbourne, reimposed pandemic lockdown measures on Tuesday, sentiment for the Aussie stayed weak. The euro increased by 0.12% to $1.2870. A recent drop in selling positions against the …
Chinese Yuan traded steady while the Aussie was flat Read More »
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