SINGAPORE- The dollar reversed from underperformance and clocked in minimal gains on Wednesday as growing coronavirus statistics made investors wary.
Asian boards are fluctuating but currency movements were cautious compared to large volume of earnings monitored in stock markets. Such was from investors’ optimism over the possibility of a US stimulus package.
The sought-after dollar shed 0.3% versus euro, equivalent to $1.0814. Against the Japanese yen, it stood at 110.97 yen per dollar.
Other currencies were greatly affected by last week’s resort to greenback but they managed to gain momentum by acquiring large overnight earnings, with biggest decliners easing slightly.
The British pound GBP=D3 advanced 0.4% while Australian dollar AUD=D3 clocked in 0.5%. Both declined more than 5% the previous week and recorded milestone underperformance.
The Dollar fell to two-year lows on Friday, heading to its lowest decline in 10 years as concerns mounted over the economic recovery of the U.S. amid a second resurgence of the COVID-19 pandemic. The Dollar index plunged to 92.777, on course ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
The dollar was briefly lifted on Thursday after the U.S. Federal Reserve offered no concrete clues about its next course of action, while investors hoped for an easy policy as the coronavirus resurgence stalled economic recovery. The dollar ...
Asian stocks advanced on the prospect of ultra-easy monetary policy as the U.S. Federal Reserve kept interest rates near zero. Fed deemed it necessary to salvage the ailing economy, dragging the dollar down to a two-year low. The target range ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...