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The dollar surged on Monday against major currencies due to fears of a possible re-ignition of the U.S.-China trade war.
President Donald Trump and Secretary of State Mike Pompeo have blamed China for the pandemic. Pompeo said that there was enough evidence that the novel coronavirus strain originated in a laboratory in Wuhan.
The euro fell 0.4%, at $1.0932. The sterling lost 0.4%, at $1.2442.
The Swedish crown was down 0.6%, at 9.8995 against the dollar. The Norwegian crown fell 0.8%, at $10.3975.
In the offshore market, the Chinese yuan dropped to a six-week low of 7.1555 against the dollar.
Analysts say that the dollar/yuan pair would see more volatility in the coming weeks.
The Japanese yen gained 0.2%, at 106.71 against the dollar.
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 ...
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 ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
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 ...
KYC Policy