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TOKYO- The dollar managed to climb on Tuesday after meeting sharp decline versus Swiss franc, yen, and euro. Such boost was enforced by optimism on US economic stimulus and recovery in Treasury yields.
The previously beaten dollar found its momentum and recovered from previous defeat against other currencies. It clocked in 1% to 103.26 yen, soaring far from its lowest ground in more than three years. Against euro, the dollar advanced 0.17% while it sealed 0.39% increase against Swiss franc.
However, analysts said that it’s still early to call a bottom in the dollar as there is an ongoing price dispute between Saudi Arabia and Russia. In line, it prompted the sharpest decline in oil prices since the 1991 Gulf War.
US stock futures also recorded a well ended performance after US President Donald Trump disclosed that the White House will call for a conference on Tuesday to nurse the economic damage brought by the novel coronavirus.
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 ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
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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