Tuesday, July 16, 2024
U.S. Dollar banknote is seen in this illustration taken May

Currency markets resume risk-on rally, shrugging off U.S.-China consulate spat

Risk appetite in currency markets diminished for around two hours, after China’s foreign ministry said the United States had told China on July 21 to close its consulate in...
Rolled Euro banknotes and 3D printed percent models are placed on U.S. Dollar banknotes in this illustration taken May

EU virus deal sends Euro to 1-1/2 year high vs dollar

Sentiment rose on the heels of the EU deal and lifted commodity currencies, which tend to benefit in times of increased risk appetite. The Australian dollar rose to a...
Lots of cash money. Euros. euro money banknotes. Money Euro background

Euro hits highest level in over four months on EU recovery fund expectations

The fund is expected to total around 750 billion euros ($857.93 billion), of which 390 billion euros could be offered as grants. EU Council President Charles...
A woman counts U.S. dollar bills at her home in Buenos Aires, Argentina August

Dollar decline continues as investors parse economic data, earnings

The dollar ended its third week of losses on Friday as investors bought into risk-sensitive currencies on bets that the worst of the pandemic’s sweeping impact was over.
Sterling fell 0.8% against the dollar on Friday, touching its lowest level in almost a month, with doubts about whether Britain will seal a trade pact with the European Union set to be the biggest weight on the currency over the summer.

Sterling falls 0.8% to one-month lows, Brexit key summer risk

Although the British economy is being gradually reopened after its coronavirus lockdown triggered a record slump, analysts said Brexit was still the biggest factor affecting the pound four years...
The euro held steady on Friday as an EU summit focused on a 750 billion euro recovery fund got underway, while geopolitical strains and fears of a second wave of COVID-19 cases set the dollar on track for its best weekly gain in a month.

Euro steady as EU summit underway, dollar set for weekly gains

The world’s reserve currency, which was making small advances in European trading, has gained about 0.3% this week against a basket of currencies, its best performance since mid-May.
Japan Yen and U.S. Dollar notes are seen

Safe-havens dollar, yen supported by fears of new pandemic wave

An index tracking the dollar against a basket of currencies was up 0.20% in New York morning trade to 97.267. The dollar has strengthened in recent weeks as investors...
Australian dollars are seen in an illustration photo

Major currencies inch lower as traders cash in gains; Aussie dollar falls

The latest cause for exuberance, which drove stock markets higher, was last week’s U.S. jobs data for May. However, a stronger Japanese yen pointed to trepidation over the U.S....
A U.S. Dollar banknote is seen in this illustration taken

Dollar slips, commodity currencies gain as risk sentiment improves

The safe-haven Japanese yen rose against the dollar, reversing losses the past several days as risk sentiment gained with growing recovery hopes. “There has been this...
A woman counts U.S. dollar banknotes as Lebanese pounds are pictured in the background at a currency exchange shop in Beirut, Lebanon

U.S.-China tensions lift dollar 0.3%

U.S. President Donald Trump said that Washington would react “very strongly” to new Chinese legislation on Hong Kong, which could lead to new pro-democracy protests. Sino-American...