Chinese yuan increased by 0.1% to 7.087 against the U.S. dollar an offshore trading on Friday. U.S. and Chinese trade representatives discussed the phase one trade deal and came to an agreement, causing the yuan’s jump. The United States declared that both sides expect obligations to be met, while China agreed to improve the atmosphere …
Chinese Yuan gained against U.S. dollar. What about Aussie? Read More »
The U.S. currency struggled on Friday. The dollar’s index fell by 0.1% at 99.758 against a basket of six other major currencies. According to Ebrahim Rahbari, the chief G10 FX strategist at Citi, the possibility of negative interest rates is slightly bearish for the dollar, given limited market pricing to date, as well as ongoing …
U.S. dollar lowered while Euro and Sterling soared on Friday 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. services sector contracted for the first time in about a decade in April 2020. The coronavirus pandemic caused a lot of problems for the U.S. economy. The Institute for Supply Management released its manufacturing index, which highlights the impact of the coronavirus on the economy. According to the ISM manufacturing index fell to …
U.S. Services Sector Declined for the First Time since 2009 Read More »
The U.S. dollar continued rising on Tuesday due to the investors’ concerns about rising tensions between the United States and China. The dollar climbed up by 0.1% to 99.55 against a basket of its rival currencies. It was near an almost two-week high of 100.83 in late April. The greenback strengthened after U.S. President Donald …
U.S. dollar is still high. What about Euro and Chinese Yuan? Read More »
The U.S. has the largest economy in the world followed by China and Japan. However, even for the largest economy, the coronavirus crisis created a lot of problems. Millions of Americans lost their jobs. Moreover, it is hard to say when the economy will get back on track. In this situation, the U.S. Treasury Department …
Treasury Department Plans to Borrow Trillions of Dollars 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 »
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 …
After having had its best month in years, gold was trading lower on the last day of April. Traders traded at the typical profit-taking before the end of the month, so further declines could well be expected. Jim Wyckoff, a senior analyst at Kitco, stated that economic data hadn’t reflected the true scale of the …
Gold closed on its best month in almost four years Read More »
The dollar fell on Thursday after the Fed announced that more monetary easing is possible. Investors fear that a fast economic recovery from the crisis won’t be the case. Still, the pandemic is receding in other countries and demand weakened for safe-haven currencies, the dollar among them. The U.S. currency was little changed at 0.9744 …
Dollar and Euro declined. What about riskier currencies? Read More »
The Chinese Yuan hit a two-week high on Thursday. The currency skyrocketed to a two-week high of 7.0534 per dollar in the onshore market. Its rally was caused by new data showing factory activity in China had expanded for a second month straight in April. It seems the world’s second-largest economy is starting to recover …
Asian currencies surged forward. How about U.S. Dollar? Read More »
The dollar dropped by 0.2% to 99.73 against the basket of currencies on Wednesday. It almost reached two-week lows against its rivals while the high-yielding currencies soared as the governments are partially lifting coronavirus lockdowns. Currency markets have been in wait-and-watch mode lately as traders lookout for the results of a U.S. Federal Reserve meeting …
U.S. dollar fell sharply; How about oil-linked currencies? Read More »
Gold is trading lower on Tuesday after investors have decided to ignore the poor economic performance during the day. They have opted for optimism before reopening several regional economies around the world. Besides, the metal is awaiting events starting tomorrow with the arrival of the central banks of the United States and the eurozone. Within …
Gold struggles to keep 1,700 due to optimism in the market Read More »
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