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The Dollar fell on Friday morning, losing some of its gains from the day before.
Investor fears mounted as tensions escalated between the U.S. and China after U.S. President Donald Trump signaled in an interview the night before that he might sever ties with the second-largest economy.
The U.S. Dollar Index dipped by 0.34% to 103.145 at 11:00 PM ET (4:00AM GMT)
The U.S. currency fell against the Japanese Yen by 0.6% to ¥ 110.14 per Dollar. Japan on Thursday lifted the state of emergency in 39 out of 47 countries. However, Tokyo and Osaka still remained in a state of emergency.
The Chinese Yuan gained 0.05% to $7.0983 after China reported a 3.9% increase in factory activity, exceeding analysts’ forecast of a 1.5% increase.
Down Under, the Australian Dollar climbed by 0.59% to $0.5763 after the trade-sensitive currency reported its first loss since early April. The New Zealand Dollar carried on from Thursday’s 3-week low of $0.5958.
Meanwhile the British Pound Sterling gained 0.13% to $1.165 after it had reached a 5-week low of $1.2161 on Thursday. The U.K. remained steadfast that the Brexit transition will occur before the end of the year.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
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 ...
Oil prices fell on Thursday as the rising global coronavirus cases weighed on fuel demand recovery just as OPEC+ producers are set to increase supply. The Brent contract for October slid 0.05%, or 2 cents, at $44.07 per barrel, while the September ...
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 ...
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