Fri, April 26, 2024

Trade Talks

Australian and New Zealand dollars fell. What about Euro

The Aussie dollar was steady on Friday. What about the Kiwi?

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 »

Daily Market Charts and Analysis September 07, 2020

Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURCHF In a meeting held only hours ago, Switzerland’s visiting foreign minister promised all-out efforts to improve his bilateral relations and international dialogue with Iran. The three-day trip took place to discuss ways to …

Daily Market Charts and Analysis September 07, 2020 Read More »

U.S. Dollar climbed up

U.S. dollar remained steady on Friday. What about the Euro?

The U.S. dollar was steady against major currencies on Friday. Traders were waiting for key U.S. jobs data, expecting that it will shed light on the strength of economic recovery from the Covid-19 pandemic.   Thus far, the dollar has managed to stop its recent slide. However, analysts warn that sentiment remains weak due to …

U.S. dollar remained steady on Friday. What about the Euro? Read More »

Dollar against basket of currencies

The dollar firmed on Monday, but it was still lower 

The U.S. dollar strengthened slightly against a basket of currencies at 93.339 on Monday, trading just above a two-year trough. It also traded at 105.75 against the Japanese Yen, soaring above the recent low of 104.17. But the dollar faced stiff resistance at 106.46. Even though the greenback tried to continue its rally, it struggled …

The dollar firmed on Monday, but it was still lower  Read More »

U.S. dollar weakens while traders await Powell's speech

U.S. dollar struggled to continue rally Monday. Why’s that? 

The U.S. dollar tried to continue rallying on Monday, but it struggled after the longest losing streak in a decade. Recent declines left the greenback vulnerable. The market was also structurally short of dollars. On Friday, a better payroll report pushed Treasury yields higher into this week’s massive $112 billion debt sale. However, it still …

U.S. dollar struggled to continue rally Monday. Why’s that?  Read More »

Sterling declined on Thursday. What about Euro and Dollar?

Sterling declined on Thursday. What about Euro and Dollar?

The sterling lowered to $1.2557 on Thursday. Traders are waiting for a Bank of England meeting, which is scheduled this week. They expect policymakers to expand quantitative easing due to a struggling economy and rocky trade negotiations with the European Union. The British pound was little changed at 89.65 pence against the euro. The Bank …

Sterling declined on Thursday. What about Euro and Dollar? Read More »

Safe-haven currencies in demand. What about Euro and Yuan?

Safe-haven currencies in demand. What about Euro and Yuan?

The U.S. dollar and the Japanese yen climbed up on Thursday as investors’ demand on safe-havens increased due to the new coronavirus outbreaks. The greenback traded at $1.1256 per euro after gaining 0.2% in the previous session. It also bought 0.9493 Swiss francs, holding onto a 0.3% gain on Wednesday. Meanwhile, the yen edged up …

Safe-haven currencies in demand. What about Euro and Yuan? Read More »

Japanese Yen soared on Friday. What about other currencies?

Japanese yen soared on Friday. What about other currencies?

The Japanese yen jumped against major currencies on Friday. Investors awaited U.S. President Donald Trump’s response to China’s passing of a national security law for Hong Kong. Uncertainty on FX markets caused a boost for safe-haven currencies. However, the U.S. dollar lowered by 0.4% against the Japanese currency, at 107.17 yen. Even though the situation …

Japanese yen soared on Friday. What about other currencies? Read More »

The Euro hit new high while the British pound declined

The Euro hit new high while the British pound declined

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 »

Euro and Yuan hit high; the Yen rose against the U.S. Dollar

Euro and Yuan hit high; the Yen rose against the U.S. Dollar

The euro gained significantly after bulls traded the U.S. dollar after the coronavirus spread in America. The currency was last up to $1.1158. Before that, it reached its two-month high on Tuesday. Meanwhile, the sterling lowered against the euro. It bought $1.2819. The euro was traded versus the sterling at 87.07 pence. This point is …

Euro and Yuan hit high; the Yen rose against the U.S. Dollar Read More »

China Yuan Gains while the U.S. Dollar Continues Downfall

Chinese Yuan Gains while the U.S. Dollar Continues Downfall

The Chinese yuan hit a six-week high of 6.9288 per dollar in the onshore market. The currency managed to rise despite the bad data about China’s services sector. According to the new report, the sector dropped down to its weakest point in February. Such numbers are the result of coronavirus’ impact on the country’s economy. …

Chinese Yuan Gains while the U.S. Dollar Continues Downfall Read More »

Yuan photo close up

Yuan Recedes ahead Phase One Trade Deal | WibestBroker

The Chinese yuan retreated after the US Treasury withdrew China’s currency manipulator label ahead of the phase one trade deal’s signing ceremony. The offshore yuan posted a five-month high of 6.8662 earlier in the session, before easing to trade at 6.8848 per dollar. The onshore yuan ended domestic trading at 6.8854 per dollar to record …

Yuan Recedes ahead Phase One Trade Deal | WibestBroker Read More »