The dollar held onto gains against the yen on Wednesday ahead of data expected to show U.S. manufacturing activity and hiring continued to recover from the economic shock caused by the coronavirus pandemic. The euro was hemmed into a narrow range as traders awaited data on Germany’s manufacturing sector, retail Read more…
The dollar retreated on Tuesday morning in Asia, giving up it gains from the last session as investors balance positive trade data with increasing COVID-19 figures. China reported a higher-than-expected manufacturing Purchasing Manager’s Index of 50.9 earlier in the day. Meanwhile, COVID-19 continues its rampage, with over 10.2 million cases as of Read more…
The dollar was under pressure on Wednesday, after upbeat data in Europe boosted the euro and helped stoke hopes for a global economic recovery, underpinning appetite for riskier currencies. The euro (EUR=EBS) is headed for its best month against the dollar since October, and inched higher to $1.1316 in the Read more…
The dollar was down on Friday morning in Asia, ending the week by giving up some of its earlier gains. Investors will continue to monitor the rising number of COVID-19 cases in Beijing and the U.S., with the number of cases stemming from an outbreak at Xinfadi market almost at Read more…
The dollar was up on Wednesday morning in Asia on the back of eagerly-awaited details from a U.S. Federal Reserve policy meeting scheduled for later in the day. Although investors expect no major changes, the Fed could announce steps to curb the recent rise in bond yields, which could bring Read more…
Australia’s central bank kept its interest rate and yield objectives unchanged as an abatement of the health crisis allows the economy to begin reopening. Reserve Bank of Australia Governor Philip Lowe maintained both the cash rate and three-year yield targets at 0.25% on Tuesday, as expected. The bank sharply tapered Read more…
The dollar held its own on Thursday as rising Sino-U.S. tension put crushing pressure on the Chinese yuan and proved a counterweight to optimism about the coronavirus recovery. The escalating war of words between the world’s two biggest economies also spilled over to the Australian and New Zealand dollars, as a far Read more…
The dollar was up on Thursday morning in Asia after U.S. Federal Reserve chair Jerome Powell rejected the possibility of negative rates. In a highly anticipated speech on Wednesday, Powell joined a list of policymakers to fend off the notion, even after Fed futures began pricing a chance of negative U.S. rates within the next year. “The Read more…
The dollar was up on Wednesday morning in Asia, with investors anticipating a speech by U.S. Federal Reserve Chair Jerome Powell later in the day. The U.S. Dollar Index that tracks the greenback against a basket of other currencies slipped 0.04% to 99.998 by 11:40 AM ET (4:40 AM GMT). Powell is likely to resist calls for negative rates, a hot Read more…
The U.S. dollar was marginally lower in early European trade Monday, consolidating after hitting a two-week high against its major peers overnight amid growing fears about a second wave of coronavirus infections. At 2:55 AM ET (0655 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six Read more…
