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The dollar firmed on Thursday as a decline in Chinese retail sales worried investors, while the rest of the market anticipates the EU summit this weekend.
The euro was down 0.1% to $1.1401, while the dollar stood at 106.95 on the yen. The British pound fell 0.3% to $1.2548.
Over the weekend, European countries are expected to vote on a 750 billion euro recovery fund suggested by the European Commission to shield the bloc from economic damage.
Adding to the dollar’s fall was the worsening U.S.-China diplomatic tensions. The New York Times reported that the Trump administration is considering imposing a travel ban on members of the Chinese Communist Party to the United States.
The Australian dollar fell 0.2% to 69.92 on the dollar. The Norwegian crown slid 0.6% on both the dollar and the euro to 9.3290 and 10.6345, respectively.
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 ...
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
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 ...
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