Thu, March 28, 2024

USD trading

Dollar Falls after Trump Bans Travel from Europe to the U.S.

Dollar Falls after Trump Bans Travel from Europe to the U.S.

The U.S. dollar strongly fluctuated during the last few weeks. At first, it was rallying due to the good data and safe-haven status. However, after the coronavirus spread in America, the currency fell sharply. The traders and investors were waiting for authorities to see what measure they would employ against the epidemy. However, they were …

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Dollar

U.S. Dollar Lowered Against Safe-Haven Currencies

The U.S. dollar declined again after the short rebound on Tuesday, caused by the coronavirus concerns. It lowered versus other safe-haven currencies, such as the Japanese yen and Swiss franc on Wednesday. The stocks and currencies collapsed on Monday after the pandemic fear spread. However, the investors and traders hoped that the governments would take …

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Japanese Yen hit three-days high. U.S. Dollar remains low

Japanese Yen hit three-days high. U.S. Dollar remains low

The Japanese yen skyrocketed during the last days. The currency rose by 9.4% in a dozen trading days. And it is climbing to its largest three-day gain since the 2008 financial crisis. However, it’s not good news for policymakers in Japan. The exporters are also concerned, observing the trade closely. Meanwhile, the Australian Dollar fell …

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Yen gained against the U.S. Dollar, while Sterling soared

Yen gained against the U.S. Dollar, while Sterling soared

The yen rose against the U.S. dollar recently. The greenback reached a five-month low versus the Japanese currency, last trading lower by 0.7% at 106.81. Meanwhile, China reported a rise in new infections on Thursday. Italy closed its schools and restricted the rules to prevent the disease. California also declared a state of emergency as …

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U.S. dollar falls after the short rebound. What about Yen?

U.S. dollar falls after the short rebound. What about Yen?

The U.S. dollar declined on Thursday after the short rebound on Wednesday. The traders expect that the Federal Reserve will cut interest rates further, which caused the currency’s downfall. The Fed has already cut rates by 50 basis points this week in an emergency move to save the economy from the effects of coronavirus. The …

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dollar, Euro fell after the last weeks' rally; The U.S. dollar soars

Euro fell after the last weeks’ rally; The U.S. dollar soars

The euro dropped by 0.31% at $1.1136 on Wednesday after its recent rally. According to Stephen Innes, the chief market strategist at AxiCorp, the ECB’s imminent cut caused the currency’s downfall. Forex markets in the eurozone are pricing a 90% chance that the European Central Bank will cut its deposit rate, now minus 0.50%, by …

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The U.S. dollar gains after eight-week low while Euro falls

The U.S. dollar gains after eight-week low while Euro falls

The U.S. dollar increased again after the turbulent last weeks. Before it rose against a basket of currencies on Wednesday, the dollar fell to an eight-week low after the U.S. Federal Reserve cut an emergency interest rate in the previous session. However, the dollar index increased by 0.24% at 97.365. It lowered to its weakest …

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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 …

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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. …

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Some Safe-haven currencies skyrocketed. What about the dollar?

Some Safe-haven currencies skyrocketed. What about Dollar?

Safe-haven currencies rallied again after the coronavirus’ new cases were reported in the U.S. The Euro skyrocketed to its one-month high of $1.1074. It last stood at $1.1050 in Asia, up 0.3% after increasing by 1.7% last week. It’s the Euro’s largest gain in two years. The Swiss franc also hit a 1-1/2-year high of …

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Yen and Euro Soar Against U.S. Dollar; Swiss Franc Hit High

Yen and Euro Soar Against U.S. Dollar; Swiss Franc Hit High

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 …

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