The dollar was down on Monday morning in Asia, giving up some of its gains from earlier in the session. The gains came after some countries’ plans to lift lockdowns curbing the spread of the COVID-19 pandemic boosted investor sentiment. California, Michigan, and Ohio, three important states for U.S. manufacturing, took steps to allow Read more…
Asian stock markets were mixed Thursday morning in Asia as investors await the release of jobless claims data in the United States. The U.S. initial jobless claims data is expected to be released later today, with forecasts compiled by Investing.com predicting a million claims. The ASX 200 was up 1.69% by 10:55 Read more…
The dollar halted its decline and gains in riskier currencies petered out on Wednesday as fresh rises in coronavirus cases kept markets on edge and the greenback funding market tight. Foreign exchange markets were in consolidation as the prospect of a huge U.S. stimulus package bolstered Asian stock markets although Read more…
The pound rebounded on Tuesday following reports that U.K. Prime Minister Boris imposed stricter lockdown measures to combat the COVID-19 pandemic. The GBP/USD pair was up 0.8% to 1.1636 by 12:10 AM ET (04:10 GMT) after falling to as low as 1.1448 on Monday. Boris said the government would offer support and impose restrictions, Read more…
The U.S. dollar was down on Monday in Asia as stock markets saw sharp losses in the face of an uptick of COVID-19 cases over the weekend. The U.S. dollar index that tracks the greenback against a basket of other currencies slipped 0.62% to 102.857 by 1:48AM ET (05:48 GMT), continuing Friday’s drop. Despite its fall, Yukio Ishizuki, FX Read more…
The Australian dollar plummeted more than 3% against its U.S. counterpart on Thursday in Asia. The AUD/USD pair lost 3.2% to 0.5583 by 12:30 AM ET (04:30 GMT). The pair was already down before the Reserve Bank of Australia (RBA) dropped interest rates to 0.25% as expected, which is a record low. Read more…
The dollar held overnight gains against most major currencies on Wednesday, after U.S. yields jumped and as deepening fear around the coronavirus drove a scramble for greenback. The pound and safe-haven yen made the best efforts at recovery, but only managed to recoup fractions of their losses. The yen was Read more…
Prices of the safe-haven yen fell on Tuesday in Asia as equity markets turned green after opening lower. The USD/JPY pair gained 0.5% to 106.40 by 12:30 AM ET (04:30 GMT). The AUD/USD pair gained 0.2% to 0.6127. Minutes of the Reserve Bank of Australia’s (RBA) March 3 meeting said the central bank cut Read more…
The U.S. dollar fell on Monday in Asia after the U.S. Federal Reserve slashed its benchmark interest rate to zero and launched a massive quantitative easing (QE) program in an emergency move over the weekend. On Sunday, the Fed shocked investors by announcing a 50 basis point rate cut. It was Read more…
The Japanese yen fell against the U.S. dollar on Friday in Asia after the Bank of Japan introduced additional stimulus. The USD/JPY pair lost 0.6% to 105.28 by 12:15 AM ET (04:15 GMT) as the Bank of Japan on Friday said it would buy 200 billion yen ($1.90 billion) of Japanese government Read more…
