The Euro continued gaining on Friday, hitting a two-month high. It jumped up by 0.2% to $1.111, reaching its highest point since March 30. The common currency got a boost following the European Commission’s stimulus plan issued earlier this week. After the 750 billion-euro coronavirus recovery fund fuelled optimism about the eurozone economy, the Euro …
The Euro hit new high while the British pound declined Read More »
The Euro skyrocketed on Thursday. European Union put aside 750 billion euro to help the economies affected by the virus. The plan was approved recently, and such stimulus boosted the currency. The Euro hit an eight-week high of $1.1035, but it soon lowered to $1.1006 due to doubts about delivering the scheme. The U.S. dollar …
Euro surged forward on Thursday. What about the U.S. dollar? Read More »
Asian currencies fluctuated on Thursday due to the rising Sino-U.S. tensions and optimism over recovering global growth. On the other hand, the U.S. dollar remained steady. As the U.S. and China continue to exchange scathing comments, the Chinese Yuan remains under heavy pressure. It negatively influences the Antipodean currencies as well. On Wednesday, the Yuan …
Asian currencies remain Low. What about the U.S. dollar? Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDCNH The nerve-racking trade tension between Washington and Beijing has propelled the US dollar to Chinese yuan exchange rate. Signs say that the pair will continue to head upwards, reaching its resistance and surpassing …
The Chinese yuan climbed up on Wednesday, after falling to a month-low 7.0885 per dollar. A few days ago, the U.S. President Donald Trump declared that China is guilty of the coronavirus outbreak. His comments included a threat of fresh tariffs on Chinese goods. Investors are awaiting a response from Beijing and avoiding sharp moves. …
Chinese Yuan edged up, while the Euro collapsed on Wednesday Read More »
The Japanese yen hit a seven-week high against the U.S. dollar and a three-year peak against the Euro on Wednesday. Investors are concerned due to the court decision challenging German participation in Europe’s stimulus program. And the forecasts about the global recovery aren’t very hopeful either. Germany’s highest court gave the European Central Bank three …
Japanese Yen skyrocketed against the U.S. dollar and Euro Read More »
The U.S. dollar rallied on Monday against most major currencies due to U.S. President Trump accusing China of spreading the virus. Concerned investors bought the dollar. The safe-haven Japanese yen was the only currency that rose versus the greenback, last trading up by 0.2% at 106.71. On the other hand, European currencies declined. The euro …
U.S. dollar hit high on Monday. What about the Euro and Yen? Read More »
Rising tensions between the Us and China over the coronavirus weakened risk sentiment. Reuters reported that growing unease at the gulf between asset prices and gloomy economic reality turned investors cautions. Mike Pompeo, the US secretary of the state, said that a significant amount of evidence exists uncovering that the coronavirus developed from a Chinese …
US-China tensions affect Gold; Traders remain cautious Read More »
The Chinese Yuan was flat at 7.1380 on Monday. However, it collapsed to a six-week low of 7.1555 against the dollar in the offshore market during the last session. If the Yuan declines again, the next levels to watch would be early-September low of 7.1975 or the mid-March low of 7.1651. Investors’ fears that last …
Chinese Yuan still low, while U.S. dollar soared on Monday Read More »
The euro gained 0.2% at $1.0977 on Friday. The European Central Bank announced that it would make loans to banks even cheaper. This news caused the euro’s rally on Thursday. However, the currency steadied against the U.S. dollar on the following day. The majority of Europe and Asia were closed on Friday due to the …
The Euro climbed up on Friday. What about the U.S. dollar? Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. NZDJPY The New Zealand dollar to Japanese yen exchange rate remains widely bullish despite the easing concerns regarding the global economy. The pair is heading towards its resistance level thanks to the recent news …
The Chinese Yuan plummeted down to a one-month low against the U.S. dollar on Friday. The currency dropped down by 0.7% to 7.1350 versus the greenback in the offshore market, reaching its lowest point since April 2nd. U.S. President, Donald Trump’s, accusation to China about mishandling the outbreak of the novel coronavirus caused the Yuan’s …
Yuan declined as Trump threatened with retribution for virus Read More »
Oil prices rose around the world after Trump announced that he expected the end of the dispute between Saudi Arabia and Russia. The announcement pushed prices to their lowest levels in 18 years. The US president tweeted that he expected and hoped the two parties would reach an agreement to cut supplies by 10 million …
Supply chains in the American market slowed down in February with less orders contracted worldwide. This reflected worries related to supply chains affected by the coronavirus, which promptly reignited fears of a global recession. Construction spending also increased by the most in nearly two years in the same month. It previously hit a record high …
American Results Show Less Selling and More Buying Read More »
Ongoing coronavirus outbreak, along with pre-existing weaknesses, may cause serious problems for the top economies. Moreover, the coronavirus continues to spread, and there are signs that some of the top economies are moving towards the recession. For example, the world’s third-largest economy fell 1.6% in the fourth quarter of 2019. The country had to deal …
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