The U.S. dollar fell after U.S. authorities confirmed the first case of the coronavirus with a citizen who hadn’t any exposure to the infection. However, more cases were reported since then, which undermined the perceived strength of the U.S. economy. As a result, it boosted the euro and other major currencies against the dollar. Washington …
Yen and Euro Soar Against U.S. Dollar; Swiss Franc Hit High Read More »
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 »
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 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 »
Cryptocurrencies step-by-step are becoming more popular around the world. They offer a number of advantages compared with fiat currencies. Thanks to decentralized nature, crypto owners do not have to deal with the same problems as in the case of fiat currencies. The aviation industry slowly but steadily is embracing cryptocurrencies. Europe’s third-largest low-cost carrier Norwegian …
Europe’s Third Largest Low-Cost Carrier and Cryptocurrencies Read More »
Ongoing coronavirus outbreak created many questions about the future of China’s economy. Moreover, the virus outbreak could undermine the global economy as factories of many international companies are in China. On Monday, tech giant Apple issued a warning that had a negative impact on the stocks across Europe. The German DAX index declined 0.58% or …
Apple’s Announcement Affected the Stocks Across Europe 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 »
On Tuesday, European stocks experienced problems after Apple warned that the coronavirus outbreak might affect its revenue forecasts. The fears over the potential economic impact continue to affect the markets. The German DAX index declined 0.58% or 80.49 points to 13704.45. Meanwhile, the U.K.’s FTSE 100 index fell 0.70% or 52.03% to 7381.22. Moreover, the …
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 »
The Japanese yen dropped against the dollar due to the release of new data. It stated that the Japanese economy lowered by 6.3% in the fourth quarter. Analysts expected a 3.7% drop, but not so much as the data showed. It seems the yen’s recent rallies as a safe-haven asset weren’t enough to boost the …
Japanese yen fell against the U.S. dollar. What about euro? Read More »
The New Zealand Dollar declined on Friday due to the investors’ risk-off tactic. Experts and traders continue to monitor coronavirus’s outbreak closely. So far, the death rate is growing, which, on the other hand, prompts investors to move on safe-haven currencies. As China is New Zealand’s major trading partner, such a situation influences New Zealand’s …
New Zealand Dollar fell against U.S. dollar. Euro stays low Read More »
The dollar hit the highest record since October last week, rising by 0.4%. It has already gained 1.3% previously. Such upturn was due to the data about the good economic situation in the U.S. However, traders are now waiting for new U.S. data. It includes industrial production numbers and retail sales along with Eurozone data. …
The Dollar rose against the Euro. What about Sterling? Read More »
The Euro fell on Friday, reaching an almost three year-low due to the investors’ concerns about the slow economic growth in the Eurozone. The currency has lost 1% so far. There is a small chance of its rebound if the fourth-quarter gross domestic product data proves positive. However, economists expect 0.1% quarter-on-quarter growth, the same …
The Swiss franc is rising, while the Euro stays down Read More »
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