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...
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...
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...
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 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...
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.
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...
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....
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...
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...
