Search Results for: dollar
China is killing the dollar
September 23rd, 2020
In the wake of the Fed’s promise of 23 March to print money without limit in order to rescue the covid-stricken US economy, China changed its policy of importing industrial materials to a more aggressive stance. In examining ...
Asian shares mixed as worries percolate over pandemic; Euro to Dollar weakened
September 23rd, 2020
Markets were mixed in Asia on Wednesday as investors kept a wary eye on how the coronavirus pandemic will affect the economic outlook. Stocks slipped in Japan and Hong Kong but rose in Seoul and Shanghai and jumped more ...
Demand for safe-haven assets boosted the U.S. dollar causing most Asian currencies to falter
September 22nd, 2020
Stock markets in Indonesia, Philippines and South Korea declined more than 1% on Tuesday as rises in coronavirus cases locally and globally dampened hopes of a swift economic recovery. Indonesian 10-year benchmark yields are up about 2.90 basis points ...
The U.S. Dollar Index is down against a list of other major currencies
September 21st, 2020
The U.S dollar was trading lower in the latter part of Asia’s trading session on Monday. The slump was triggered on growing concerns about whether the safe-haven currency had found its footing after five straight months of declines, with ...
Gold hits near 2-week high on softer dollar
September 15th, 2020
Gold hit a near two-week high on Tuesday as the dollar weakened and investors turned their focus to a U.S. Federal Reserve monetary policy meeting, seeking details of how it planned to hold down rates while aiming to boost ...
UK Pound momentum strong, Euro jumps Vs U.S. Dollar overnight
September 1st, 2020
The British Pound to Dollar exchange rate (GBP/USD) enjoyed another strong day on Monday as Sterling bulls continued to push on. Adding some extra fuel to the fire, Cable was able to post a rally in the Asian session ...
Russia calls on fellow BRICS countries to dump US dollar in favor of trade in national currencies
August 25th, 2020
The Russian trade minister has called on the members of the BRICS trade alliance to increase the volume of settlements in national currencies to be more independent from Washington’s policies. Denis Manturov suggested the possibility of boosting non-dollar settlements ...
Will a weak dollar bail out emerging markets? Nope
August 24th, 2020
Back in the simpler days of 2019, there was this (now completely forgotten) impending crisis in which emerging market countries’ dollar-denominated debt was going to blow up their – and by extension the rest of the world’s – economies. ...
Europe stock futures tick lower; Offshore yuan and euro to dollar traded up
August 17th, 2020
Stocks in China climbed after the central bank’s injection of cash raised hopes of more supportive monetary policy, with equities and futures elsewhere trading mixed as investors assessed soured U.S.-China ties. The dollar slipped. The Shanghai Composite was more ...
UPDATE: Sterling rose against a weaker euro but fell versus the dollar
July 30th, 2020
Sterling rose against a weaker euro but fell versus the dollar on Thursday after the $1.30 level reached late in the previous session did not hold, with Brexit and the economic fallout from coronavirus weighing on the currency. Global ...
